September 14th, 2006 by Questions
If you file personal bankruptcy, Would the creditor have any claim on your RRSP or i heard certain kind of RRSP’s are exempted from bankruptcy?
September 14, 2006 at 11:29 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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