Bankruptcy Exemptions in Nova Scotia

Judicature Act

Statute: Click here to read the Judicature Act

Regulations: Click here to read the Regulations

Exempt Property

1. the wearing apparel and household furnishings and furniture which are reasonably necessary for the debtor and his family;
2. all fuel and food reasonably necessary for the ordinary use of the family;
3. all grain and other seeds, and all cattle, hogs, fowl, sheep and other livestock which are reasonably necessary for the domestic use of the debtor and his family;
4. all medical and health aids reasonably necessary for the debtor and his family;
5. such farm equipment, fishing nets, tools and implements of, or other chattels, as are used in the debtors chief occupation, not exceeding in aggregate value of $1,000;
6. one motor vehicle not exceeding in aggregate value of $3,000.

What do I do now?

For more information on what you get to keep if you go bankrupt in Nova Scotia, please consult a Nova Scotia bankruptcy trustee.