[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/rkillen.ca\/will-i-lose-my-personal-possessions-if-i-go-bankrupt\/#BlogPosting","mainEntityOfPage":"https:\/\/rkillen.ca\/will-i-lose-my-personal-possessions-if-i-go-bankrupt\/","headline":"Will I Lose My Personal Possessions If I Go Bankrupt","name":"Will I Lose My Personal Possessions If I Go Bankrupt","description":"Will I Lose My Personal Possessions If I Go Bankrupt?Watch this video on YouTube   In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in Toronto talks about, Will I Lose My Personal Possessions If I Go Bankrupt. There is a Provincial law that regulates what a person might lose, or can lose, […]","datePublished":"2017-10-13","dateModified":"2019-12-13","author":{"@type":"Person","@id":"https:\/\/rkillen.ca\/author\/admin\/#Person","name":"admin","url":"https:\/\/rkillen.ca\/author\/admin\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/9802e0bea345b33afa85a53646482da09b2d7944429d88b59778b5d3e1c3dd14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9802e0bea345b33afa85a53646482da09b2d7944429d88b59778b5d3e1c3dd14?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Richard Killen and Associates","logo":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2017\/11\/will-i-lose-my-personal-possessi.jpg","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2017\/11\/will-i-lose-my-personal-possessi.jpg","height":720,"width":1280},"url":"https:\/\/rkillen.ca\/will-i-lose-my-personal-possessions-if-i-go-bankrupt\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY","name":"Will I Lose My Personal Possessions If I Go Bankrupt?","description":"http:\/\/rkillen.ca\/will-i-lose-my-personal-possessions-if-i-go-bankrupt\/ In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about, Do I Have To Pay a Minimum Portion?.\n\nThere is a Provincial law that regulates what a person might lose, or can lose, actually let me turn it around, there is a Provincial law that regulates what creditors can take from you. If you are not paying them, and they are trying to recover their debt by seizing things. Furniture and personal effects are essentially off the table. Personal effects are essentially completely protected, and furniture, you would have to have furniture that is worth so much money that before it hit the threshold, where a creditor can take it, frankly, I don\u2019t remember a time when I had something like that. So, essentially, this law regulates that people don\u2019t lose their furniture or personal effects. Now, this law applies to a Trustee in a bankruptcy situation, but like I say, who has stuff that\u2019s worth that much? Most people, let\u2019s face it, if you have a couch that your five-year hold has been bouncing up and down on for the last three years or something like that, it\u2019s not going to be worth very much in terms of resale, is it?\n\nIf you are uneasy about bankruptcy you should definitely visit a licensed insolvency trustee so that you will be given an advice about your bankruptcy problems.\n\nWe can meet with you during business hours or book after hours appointments if that is more convenient.\n\nContact us for a fresh start 1 (888) 545-5365\nLive your life free of financial stress!\n\nFollow us on Instagram: https:\/\/www.instagram.com\/killen_trustee\/\nFollow us on Twitter: https:\/\/twitter.com\/Killen_Trustee\nFollow us on Facebook: https:\/\/www.facebook.com\/rkillenassociates\nFollow us on Linkedin: https:\/\/www.linkedin.com\/company\/richard-killen-&-associates\/\nConnect on Linkedin: https:\/\/www.linkedin.com\/in\/richard-killen-020aaaba\/\n\nRichard Killen and Associates have 10 locations across the Greater Toronto Area.\n\nOur main office is at\n\nRichard Killen & Associates\n2130 Lawrence Ave\nEast Suite 402, M1R 3A6\nTel: (416) 285-9511\nhttp:\/\/rkillen.ca","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/kz3CizuAjsY\/default.jpg","https:\/\/i.ytimg.com\/vi\/kz3CizuAjsY\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/kz3CizuAjsY\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/kz3CizuAjsY\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/kz3CizuAjsY\/maxresdefault.jpg"],"uploadDate":"2017-11-01T08:53:12+00:00","duration":"PT1M25S","embedUrl":"https:\/\/www.youtube.com\/embed\/kz3CizuAjsY","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw","name":"Richard Killen & Associates Ltd","description":"Since 1992 we at Richard Killen & Associates have helped thousands of people resolve their financial problems. With over 22 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.\n\nThe strength of our company is exemplified by the manner in which we treat our customers. We understand the intense pressure people are under. You will feel better after having spoken with our staff and your sense of dignity will be restored. The relief most people feel is tangible.","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_nK1yzM56nIFCGmWO7scxw1pLTW2Z8LVLH_kg8kdbbfw5M=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":78}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=kz3CizuAjsY#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":1}]},"about":["Bankruptcy"],"wordCount":256,"keywords":["Bankruptcy","Will I Lose My Personal Possessions If I Go Bankrupt"],"articleBody":"Will I Lose My Personal Possessions If I Go Bankrupt?Watch this video on YouTube In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in Toronto talks about, Will I Lose My Personal Possessions If I Go Bankrupt.There is a Provincial law that regulates what a person might lose, or can lose, actually let me turn it around, there is a Provincial law that regulates what creditors can take from you. If you are not paying them, and they are trying to recover their debt by seizing things. Furniture and personal effects are essentially off the table. Personal effects are essentially completely protected, and furniture, you would have to have furniture that is worth so much money that before it hit the threshold, where a creditor can take it, frankly, I don\u2019t remember a time when I had something like that. So, essentially, this law regulates that people don\u2019t lose their furniture or personal effects. Now, this law applies to a Trustee in a bankruptcy situation, but like I say, who has stuff that\u2019s worth that much? Most people, let\u2019s face it, if you have a couch that your five-year hold has been bouncing up and down on for the last three years or something like that, it\u2019s not going to be worth very much in terms of resale, is it?If you are uneasy about bankruptcy you should definitely visit a licensed insolvency trustee so that you will be given an advice about your bankruptcy problems."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Will I Lose My Personal Possessions If I Go Bankrupt","item":"https:\/\/rkillen.ca\/will-i-lose-my-personal-possessions-if-i-go-bankrupt\/#breadcrumbitem"}]}]