Investments

August 9th, 2011 by Questions

If i file for bankrupty, are my investments,like GIC’s RRSP’s safe.
I am having difficulty making ends meet and paying off debt cards?

Posted from: Alberta

Questions

One Response to “Investments”


August 09, 2011 at 8:48 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If you file for bankruptcy in Alberta the property you are allowed to keep is outlined by provincial exemptions. In Alberta if you do file for bankruptcy you would be entitled to keep all your RRSP’s (Assuming you didn’t make large deposits on the eve of filing bankruptcy in an effort to protect property), but your GIC would be something that would be lost.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)