Excerpt from Ontario’s Execution Act describing what property of an individual is exempt from bankruptcy
2. The following chattels are exempt from seizure under any writ issued out of any court:
1. Necessary and ordinary wearing apparel of the debtor and his or her family not exceeding the prescribed amount or, if no amount is prescribed, $5,000 in value.
2. The household furniture, utensils, equipment, food and fuel that are contained in and form part of the permanent home of the debtor not exceeding the prescribed amount or, if no amount is prescribed, $10,000 in value.
3. In the case of a debtor other than a person engaged solely in the tillage of the soil or farming, tools and instruments and other chattels ordinarily used by the debtor in the debtor’s business, profession or calling not exceeding the prescribed amount or, if no amount is prescribed, $10,000 in value.
4. In the case of a person engaged solely in the tillage of the soil or farming, the livestock, fowl, bees, books, tools and implements and other chattels ordinarily used by the debtor in the debtor’s business or calling not exceeding the prescribed amount or, if no amount is prescribed, $25,000 in value.
5. In the case of a person engaged solely in the tillage of the soil or farming, sufficient seed to seed all the person’s land under cultivation, not exceeding 100 acres, as selected by the debtor, and fourteen bushels of potatoes, and, where seizure is made between the 1st day of October and the 30th day of April, such food and bedding as are necessary to feed and bed the livestock and fowl that are exempt under this section until the 30th day of April next following.
6. A motor vehicle not exceeding the prescribed amount or, if no amount is prescribed, $5,000 in value. R.S.O. 1990, c. E.24, s. 2; 2000, c. 26, Sched. A, s. 8 (2).
Is there any property exempt from creditor seizure if I do NOT file
for bankruptcy?
I am on social assistance.
Yes, the same property is exempt from seizure whether you file for bankruptcy or not.