1. Desmond West-Chow, CIRP
    Desmond West-Chow, CIRP

    Whether you lose a vehicle in a bankruptcy comes down to a few factors.

    First of all, what the vehicle is worth and what’s owed on it compared to the provincial exemptions for a vehicle.

    Second, whether you’re able to realistically afford your payments on the vehicle (and the associated costs of vehicle ownership).

    For these types of questions, it’s always best to speak with a local trustee since the provincial laws play a big part in the answers.

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