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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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what money can they take

can they touch rrsp
or my child`s education funds

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One Response to “what money can they take”

A licensed trustee said...

Yes, they probably can.

I know this may seem unfair, but the logic goes something like this – the money you contributed to your RRSPs and RESPs could have been used to repay your debt, instead you chose to make the contributions and pay more interest. If you want the debt eliminated the investments will likely be eliminated too.