An individual's value to his creditors at time
of filing a consumer proposal comprises his
assets valued at
liquidation (
auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools
of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority
of us, less than our debt in any case.