Leased vehicle: asset or not during bankruptcy?

Leased vehicle: asset or not during bankruptcy?

How does a leased vehicle work as an asset?

A trustee will calculate the equity and if it is less than the provincial exemption, a debtor would keep it in a bankruptcy. Most of the time there is no equity in a leased vehicle.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube  Channel.  Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.

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