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Assets you can keep in bankruptcy — Winnnipeg and Manitoba

Bankruptcy Exemptions — assets you can keep if you file bankruptcy in Winnipeg or throughout Manitoba.

Manitoba

  • Furniture, household furnishings and appliances not exceeding total value of $4,500

  • Necessary and ordinary clothing of the debtor and family

  • Food and fuel necessary to family for period of six months or cash equivalent

  • If debtor is a farmer:

    • animals necessary for farming operation for 12 months

    • farm machinery, dairy utensils and farm equipment necessary for ensuing 12 months

    • one motor vehicle if required for purposes of agricultural operations

    • Home quarter

  • Tools, implements, professional books and other necessaries not exceeding a total value of $7,500 used in practice of trade, occupation or profession

  • One motor vehicle, if necessary for work or transportation to and from work, not exceeding $3,000 in value

  • Articles and furniture necessary to performance of religious services

  • Seed sufficient to seed all land of debtor under cultivation

  • Health aids, including wheelchair, air conditioner, elevator, hearing aid, eye glasses, prosthetic or orthopaedic equipment, necessary to debtor or family

  • Chattel property of municipalities and schools

  • Actual residence of the bankrupt, equity of $1,500 each if in joint tenancy or tenancy in common, or $2,500 if not in joint tenancy

  • RRSPs, Registered Retirement Income Funds (RRIFs) and Deferred Profit Sharing Plans (DPSPs)

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For all provinces:

Assets you can keep in bankruptcy in other provinces

British Columbia  |  Alberta  |  Saskatchewan  |  Ontario

Quebec  |  New Brunswick  |  Newfoundland & Labrador  |  Nova Scotia

PEI  |  NWT, Nunavut, Yukon

Each individual's situation is unique. For help getting out of debt, call us in Winnipeg at 204-594-7160 or toll free in Manitoba at 1-866-941-6353 for a free, no obligation, confidential consultation.

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