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The Bankruptcy and Insolvency Act and provincial legislation may allow you to retain the following assets:
- household furniture and appliances;
- personal effects;
- tools required for your work, which may include your automobile if it is required to earn income;
- certain life insurance policies, RRSP's and pensions.
Bankruptcy does not prevent a secured creditor from taking back assets that have been specifically pledged as collateral for a loan. |
This is your opportunity to eliminate your excessive debt. Visit any of the following resource centres for more info.
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