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No tools, no work!

In Quebec, a person who owns tools necessary for their work can keep them despite filing for bankruptcy.

In general, if the tools of trade are essential for your registered business or self-employment, they may be exempt from bankruptcy under the Code of Civil Procedure. This means that you can keep these tools even if you file for bankruptcy.

It is important to consult a licensed insolvency trustee to assess whether your work tools can be protected from seizure in the event of bankruptcy. They will be able to explain the options available to you based on your situation.


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