The facts and only the facts

Before you decide what to do about your debts, do some research and know the facts. Don’t be afraid of what you do not know – be informed: certain assets such as household items and goods are exempt property and cannot be taken away if they fall below a certain allowance if you go bankrupt in Canada. If you go bankrupt you may lose some assets.  The point is not to worry about what you may or may not lose; instead, focus on understanding your options, and making an informed decision.

Tagged as: bankruptcy