FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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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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Pension

My absolute discharge has been sent to the court for signing and is currently there for the 10 day holding process? My husband has just received notice that he will be receiving his pension, due to a plant closure, this is a wind up pension fund, these funds have to be locked into a lira or other locked in fund…there is also a small cash amout that is over the allowed transfer limit. My question is…are these funds protected or are the ceditors entitled to any of these funds?

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One Response to “Pension”

Barton Goth GCO Bankruptcy Trustees said...

If it is a small amount and your discharge has already been heared and approved then you shouldn’t have to worry. But you should disclose this to your trustee to ensure that you don’t have difficulties later.