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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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Would RRSP be protected for child support arrears

My ex-husband is $12,000.00 behind in child support payments which is being tracked by the FRO. He just went bankrupt and listed an RRSP on his bankruptcy information. The trustee told me that it is a protected RRSP. Would his RRSP still be protected for child support arrears?

Posted from: Ontario

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One Response to “Would RRSP be protected for child support arrears”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The nature of the debt makes no difference in a bankruptcy situation. All RRSP contributions except for those made in the 12 months immediately preceding the bankruptcy are protected against seizure.