segregated funs with an insurance co

March 27th, 2009 by Questions

I went personally bankrupt in june 2004 & was discharged later. At the time i was told by my trustee that my rrsp`s were creditor proof as i was with an insurance co and my wife was the beneficiary and had an annuity but was not yet started as i was 61 yrs old. now i am being sued by the same trutees office that was sold to another firm.and they claim that because my wife withdrew some monies two & three years before my bankruptcy it was not locked in and therefore seizable. the insurance co claims it was not seizable. the trustee now wants to settle for half. what do i do ?

Posted from: Quebec
not seizable. the trustee now wants to settle for half. what do i do ?

Posted from: Quebec

Questions

One Response to “segregated funs with an insurance co”


, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

You need to consult with a lawyer. There is not enough detail for me to be able to determine the reasoning behind what is happening and realistically what you need is someone to protect your rights, so a lawyer would be the best person to consult with.

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