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People who file for bankruptcy in Kentville, Nova Scotia must surrender a good portion of their property over to a bankruptcy trustee in order to have their debts eliminated. However, the following is a list of items they are permitted to save from liquidation:
The wearing apparel and household furnishings and furniture that is reasonably needed by the debtor and their family.
Fuel and food that is reasonably needed for the ordinary use of the family.
Grain and other seeds, all cattle, hogs, fowl, sheep, and other livestock that are reasonably needed for the domestic use of the debtor and their family.
Medical and health aids that are reasonably needed for the debtor and their family.
Farm equipment, fishing nets, tools, and implements of, or other chattels, as are used by the debtor’s main occupation, not exceeding the value of $1,000.
A single motor vehicle not exceeding the value of $3,000.
