January 19th, 2009 by Questions
Is my RRSP protected during bankruptcy? Was the law on this changed in Jul 2008?
If how has it changed?
Posted from: British Columbia
January 20, 2009 at 9:55 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
For anyone who files a bankruptcy after July 7, 2008 any RRSP’s that someone has are considered exempt (i.e. protected from seizure and therefor not lost). The only exception to this is RRSP contributions that have been made in the 12 months prior to bankruptcy.
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