by footloose » Fri Oct 22, 2010 05:46:20 PM
As you are probably aware, in B.C.the exemption for an automobile is
$5,000. If you and your wife file a joint bankruptcy but the automobiles are owned individually, then you may claim a maximum exemption of $5,000 for each automobile or a total exemption of $10,000. On the other hand, if both automobiles are jointly owned, then the maximum exemption that can be claimed is $5,000.