What kind of RRSP’s are exempted from personal bankruptcy?

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?


One Response to “What kind of RRSP’s are exempted from personal bankruptcy?”

, 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.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)