Judgment Enforcement Act
Statute: Click here to read the Judgment Enforcement Act
Regulations: Click here to read the Regulations
Exempt Property
- food required by the debtor and his or her dependents during the next12 months.
- necessary clothing of the debtor and his or her dependents that isof a value not exceeding $4,000.
- household furnishings, utensils, equipment and appliances that areof a value not exceeding $4,000.
- fuel or heating as a necessity for the debtor and his or her dependants.
- one motor vehicle of a value not exceeding $2,000.
- medical and dental aids that are required by the debtor and his orher dependents.
- items of sentimental value to the debtor that are of a value not exceeding$500.
- domesticated animals which are kept as pets and not used for a businesspurpose.
- the principal residence of a debtor that is of a value not exceeding$10,000.
- personal property used by and necessary for the debtor to earn incomefrom his or her occupation, trade, business or calling to a value not exceeding $10,000.
- where the debtor’s primary occupation is farming, personal property,including agricultural products, ordinarily used by and necessary for the debtor to earn income from farming to a value not exceeding $10,000.
- where the debtor’s primary occupation is fishing, personal propertyordinarily used by and necessary for the debtor to earn income from fishing to a value not exceeding $10,000.
- where the debtor’s primary occupation is aquaculture, personal propertyordinarily used by and necessary for the debtor to earn income from aquaculture to a value not exceeding $10,000.
- certain income.
- certain pension plans.
What do I do now?
For more information on bankruptcy exemptions in Newfoundland and Labrador, and what you get to keep if you go bankrupt in Newfoundland and Labrador, please consult a Newfoundland and Labrador bankruptcy trustee.
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