Can a Collection Agency seize my Furniture?
In most instances, the answer is no because a collection agency doesn't have the legal authority to seize your goods. Many creditors don’t seize personal property because in most provinces, basic household goods are exempt from seizure.
If collection agents are threatening to take your furniture, you most likely have more debt than you can handle. We recommend that you speak a local Licensed Insolvency Trustee to get a better understanding of your rights. J.P. Graci & Associates can offer you a free consultation to go over your situation. We can guide you on the best way on how you can deal with your debts.
MORE QUESTIONSDo I qualify for bankruptcy? How long will I be bankrupt? How much will it cost? How will my credit rating be affected? If I declare bankruptcy, will I lose everything? Should I declare bankruptcy? Will I still be responsible for some debts after filing for bankruptcy? Does Filing for Bankruptcy in Canada Affect My Spouse? What is a bankruptcy discharge and the process involved? What is the OSB and what are their responsibilities? If I file a proposal or declare bankruptcy, what happens to my credit rating? What happens if my creditors vote against accepting my consumer proposal? Can I leave some creditors out of my consumer proposal? How Do I Get a Mortgage After A Consumer Proposal? Can a student with a government student loan go through bankruptcy or get a consumer proposal?