If I rent the basement of my mothers house can they come after her and make her sell her house? She bought and paid for a car which I drive 9 years ago can they seize it?
If you are simply renting a suite in the basement, are not connected to the ownership in any way and never were, then there is nothing that will happen to your mothers house, unless she has signed on any of your debts.
As for the car, this will depend on the current value of the car and who's name it has been registered in over the last 9 years. Although likely you won't have an issue as most cars that are 9 years old are worth less than the provincial exemption of $5000 and therefore are protected from seizure in the provice.
1 Comments:
At 9:31 AM,
Barton Goth, GCO, Bankruptcy Trustees said…
As for the car, this will depend on the current value of the car and who's name it has been registered in over the last 9 years. Although likely you won't have an issue as most cars that are 9 years old are worth less than the provincial exemption of $5000 and therefore are protected from seizure in the provice.
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