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Bankruptcy in the Province of British Columbia

 

British Columbia - Court Order Enforcement Act

Statute: Click here to read the Statute

Regulation: Click here to read the Regulations

Necessary clothing of the debtor and the debtor's dependants.;

Household furnishings and appliances that are of a value not exceeding $4,000;

One motor vehicle that is of a value not exceeding $5,000 if the debtor is not a maintenance debtor under the Family Maintenance Enforcement Act and $2,000 if the debtor is a maintenance debtor;

Tools and other personal property of the debtor, not exceeding $4,000, that are used by the debtor to earn income from the debtor's occupation; and

Medical and dental aids that are required by the debtor and the debtor's dependants.

Principal residence of debtor:

The principal residence of a debtor is exempt if the value of the debtor's equity in the principal residence does not exceed:

$12,000 if the debtor is a person whose principal residence is located within the boundaries of the Capital Regional District or the Greater Vancouver Regional District.

$9,000 if the debtor is a person whose principal residence is located outside the boundaries of the Capital Regional District or the Greater Vancouver Regional District.

 
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