owning a car after bankruptcy in Ontario?

Question: How long after bankruptcy in Ontario can I own a car in my name?

Answer: It is actually possible to own a car while you are bankrupt in Ontario. Under Ontario law, you are permitted to own a car, with no loans against it, worth up to $5,650 when you go bankrupt. More information can be found in this article on cars and bankruptcy in Ontario.

This entry was posted on Tuesday, January 20th, 2009 at 7:26 pm and is filed under bankruptcy Ontario, what do I get to keep if I go bankrupt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.