Debt Relief & Consumer Proposals in Manitoba
Safe, secure & confidential
Bankruptcy exemptions in Manitoba
If you file a bankruptcy in Manitoba, you will be wanting to know what items are exempt from seizure and this can differ between provinces.
Remember that bankruptcy should always be a last resort and there may be other viable alternatives that you can discuss with your licensed trustee.
According to The Executions Act, there are certain assets that are exempt in bankruptcy so you can have peace of mind knowing that personal property can be protected from creditors.
Harris & Partners is a specialist Licensed Insolvency Trustee with offices based across Canada, providing debt relief solutions to individuals and businesses struggling to manage their debt.
Contact us today for a free consultation with one of our licensed insolvency trustees and we’ll help you find the best debt solution for you.

How do consumer proposals work in Manitoba?
With a consumer proposal, individuals enter a legally binding agreement with creditors, drawn up by their licensed insolvency trustee, that outlines a debt repayment plan that works for both parties.
To determine whether a consumer proposal is the right choice for you, your total debt must be under $250,000 (or $500,000 for spouses) and you must prove that you are unable to make minimum monthly payments on bills.
A consumer proposal is a better alternative to bankruptcy because it stops your assets from being taken and makes debt repayment far more manageable.
If you are based in Manitoba and want to find out more about the process of filing a consumer proposal, get in touch with us today.

Manitoba bankruptcy exemptions
In Manitoba, equity plays a large part in what can and cannot be seized as part of bankruptcy proceedings. For example, In Manitoba, you are allowed to keep a car that is worth $3,000 or lower. So, if you have a car worth $7,000 and you still owe $4,000 to pay it off in full, your creditors cannot take your car from you because there is $3,000 worth of equity in it. Other exemptions include:
- All clothing.
- Household furnishings and appliances valued up to $4,500.
- Food and fuel needed for six months or the financial equivalent.
- Trade tools valued up to $7,500.
- A motor vehicle worth up to $3000 when used for business or work-related purposes.
- Health aids such as wheelchairs, hearing aids, prosthetics etc.
- Up to $2,500 worth of equity if you are the sole homeowner and $1,500 if co-owning.
- Any furniture that is necessary for religious activities.
- Certain life insurance policies.
- Farmers: Equipment, animals, animal feed, any vehicles needed for the next 12 months and up to 160 acres of farmland.
How can I find out more?
We understand that bankruptcy is a scary process to confront and this is why it is so important to consult your local licensed trustee in Manitoba to make sure that you are clear about all of the options available to you.
Contact Harris & Partners Licensed Insolvency Trustee for a free, no-obligation consultation and start your journey towards a debt-free life.
Frequently asked questions
When should I file for bankruptcy?
Bankruptcy should always be considered a final resort which is why you should always consult your licensed trustee for more information on all your debt management options.
Filing for bankruptcy in Manitoba can negatively affect your credit report for up to seven years, which is why it is important to be sure that this is the only option you have before filing.
The benefit of filing for bankruptcy is that it can provide a ‘fresh start’ for those struggling with the weight of their debt and creditors will not be able to keep calling you once you file.
Discuss your options with one of our licensed trustees and if bankruptcy is the best option for you, we will support you through the process.
Will my savings be safe?
The Registered Retirement Savings Protection Act of Manitoba states that Registered Retirement Income Funds (RRSP’s), Deferred Profit Sharing Plans (DPSP’s) and Registered Retirement Income Funds (RRIF’s) should be exempt from the bankruptcy process, as well as certain life insurance policies (as long as the parent, spouse or child is a beneficiary).
Our Debt Management Solutions

Why Harris & Partners
Our Licensed Insolvency Trustees provide a customized service that could remove up to 80% of your debt and stress, so you can breathe easier.
Our multilingual team provides support in many languages, from Farsi and Portuguese to Italian and Tamil, leaving out complicated jargon, so you understand everything, every step of the way.
Want to speak to someone in person? Our team is on hand to help at a Harris & Partners office near you.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 888-376-8488
- hello@harrispartners.ca