September 21st, 2005 by Questions
Will my RRSP savings will be forced to cash out to pay off the creditors??
September 22, 2005 at 9:45 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:
In most cases, unless you have a RRSP which is written through an insurance company, or is locked in as a pension rollover, it would be turned over to the trustee in a bankruptcy. However, exemption rules are different in every province, so I recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decisions.
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