Trustee in Bankruptcy 
Home > After bankruptcy > What you keep > Bankruptcy in Nova Scotia English | Français

Bankruptcy in Nova Scotia  

What assets are exempt?

Declaring personal bankruptcy in Nova Scotia will not mean losing all your assets.  Many personal assets are “exempt” during a bankruptcy.  Exempt assets are the ones you are allowed to keep.  The property laws in Nova Scotia will determine what assets are exempt.


Nova Scotia bankruptcy exemptions are:

  • Necessary fuel, food and clothing
  • Necessary grain, seed, and other livestock
  • Necessary health aids
  • Tools of the trade up to a value of $1,000
  • Household goods up to a value of $5,000
  • A motor vehicle up to a value of $3,000
  • A motor vehicle you need for work up to a value of $6,500
  
Legal Privacy Sitemap Disclaimer

© Deloitte & Touche LLP and affiliated entities.

TM © 2006, VANOC.