Superannuation and bankruptcy

August 25th, 2010 by Questions

If I retire and collect superannuation and i go into bankruptcy a year later is it considered assets

Posted from: British Columbia

Questions

One Response to “Superannuation and bankruptcy”



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

I can only assume you are referring to some sort of pension that you will be receiving. Within most provinces pensions are looked at as exempt assets during a bankruptcy, but it would be important to explore what type of pension, what the pay out looks like etc. to be able to answer your question with any certainty.

I would suggest you take your pension documents to a local trustee, have them review the details and then you would have a much clearer idea what to expect should a bankruptcy be filed.

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.)