Bankruptcy Nova Scotia

Bankruptcy Nova Scotia – understand your rights.

Are you searching for Bankruptcy Nova Scotia? You may feel like it’s impossible to manage, but you do have options.  The first step to finding relief from your debt is to find a trustee in your area.  All Personal Bankruptcy Trustee Members are licensed by the federal government and offer a free, non-judgmental consultation.

Trustees know the law and can provide all forms of debt relief, not only bankruptcies and consumer proposals.  A trustee will review your finances, explain your options and help you decide which will be best for your situation.

If you are ready to get help and begin anew, find a trustee near you from the list below.

If you are having difficulty managing your debt in Nova Scotia you are not alone.  In 2013, over 4700 people in Nova Scotia found it necessary to file for insolvency.

If you are struggling financially, a licensed trustee can help. Whether some counselling will help or you need to file for bankruptcy or a consumer proposal, a trustee can provide you with a fresh start.

Nova Scotia Bankruptcy Laws.

No one loses all they own in a Nova Scotia bankruptcy, but you’ll likely be required to surrender a portion of your assets to the bankruptcy estate. This is done in exchange for the elimination of your unsecured debt.

To learn how asset liquidation will affect you, contact a Nova Scotia Bankruptcy Trustee by completing the Get Help With My Debt form in the sidebar of this page. Trustees are the only debt professionals in Canada that can file a bankruptcy on your behalf, so it’s important you get your information from someone you can trust.

Generally, when you file for bankruptcy in Nova Scotia, you can usually keep the following:

  • Necessary clothing for you and your dependents
  • Necessary household furnishings and furniture
  • Fuel and food reasonably necessary for the ordinary use of your familyAll grain and other seeds, and all cattle, hogs, fowl, sheep and other livestock that are reasonably necessary for domestic use by you and your dependents
  • Farm equipment, fishing nets, tools and implements used in your occupation up to $1000
  • One motor vehicle valued up to $3000, or $6500 if required for your occupation
  • Medical and dental aids required by you and your dependents
  • Your Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs) or DPSPs (Deferred Profit Sharing Plans), apart from any contributions made in the 12 months prior to bankruptcy

This list of exemptions is accurate and up to date through March 2014. Changes do occur.  Please visit a Trustee to learn how bankruptcy will affect you and if any changes have been made to the law. 

Nova Scotia Bankruptcy FAQs

Nova Scotia Help & Resources

Nova Scotia provides many resources for those facing financial trouble. If you know of any free or affordable Nova Scotia services, please send them to us for review at resources@personalbankruptcycanada.ca.

Brunswick Street Mission
Our Mission is to inspire a better quality of life through a ministry of care that addresses physical, emotional, practical and spiritual needs for those experiencing poverty.

Feed Nova Scotia
if you are in need of food for yourself or your family, they will help you locate the nearest food bank or meal program

Income Assistance
The Income Assistance (IA) program provides people in financial need with assistance with basic needs such as food, rent, utilities like heat and electricity, and clothing. The program may also help you with other needs such as child care, transportation, prescription drugs, emergency dental care, and eye glasses.

Halifax United Way
United Way Halifax is fully committed to changing these conditions with a focus on four strategies that address the most critical barriers facing Halifax resident.

Schedule a free consultation with a trustee today to explore which debt relief option is best for your situation.