NWT Bankruptcy Exemptions (Assets you keep in a Bankruptcy)
NWT Bankruptcy Exemptions (Assets you keep in a Bankruptcy)
http://n-w-t-bankruptcy-exemptions---assets-you-keep.n-w-t.province.canadian-trustees-in-bankruptcy.bankruptcy.tel
- NWT Bankruptcy Exemptions are:
* Paragraph 2(1)(a) and subsection 2(2) provide an exemption for household furniture, utensils and equipment that are contained in and form part of the debtor's permanent home;
* Paragraph 2(1)(b) necessary and ordinary clothing of the debtor and the family of the debtor;
* Paragraph 2(1)(c) food, fuel and other necessaries of life required by the debtor and the family of the debtor for the next 12 months;
* Paragraph 2(1)(d) provides an exemption for tools, implements and other chattels necessary to, and actually used by the debtor in his business, profession or calling (not exceeding $600.00);
* Paragraph 2(1)(e) provides an exemption for the house and buildings occupied by the debtor and the lot on which they are situated (not exceeding $3,000.00);
* RRSP's associated with life insurance policies are exempt from seizure or attachment.
