Bankruptcy Exemptions in the province of New Brunswick | Canada


Exemptions in Bankruptcy - Province of New Brunswick:

Items exempt in a Bankruptcy / Consumer Proposal filing in the province of New Brunswick are as follows:

  • Household furniture and appliances up to a value of $4,000.00
  • All food, clothing and fuel required by the Debtor and their family
  • Two horses including sets of harness, two cows, ten sheep, two hogs and twenty fowl, and their associated food requirement for a six month period
  • Necessary seed grain and potatoes required for planting purpose: up to forty bushels of oats, ten bushels of barley, ten bushels of buckwheat, ten bushels of wheat and thirty-five barrels of potatoes
  • Tools of the trade necessary for the Debtor to earn income from occupation or trade not exceeding 6,500
  • One motor vehicle having a realizable value of not more than $6,500, if the motor vehicle is required by the debtor to retain employment or if it is necessary to the debtor's trade, profession or occupation or for transportation to a place of employment where reasonable public transportation facilities are not available
  • Any medical or health aids required by the Debtor or their dependents
  • Pets belonging to the Debtor or their family
  • Pensions

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