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
August 26, 2010 at 6:50 am, 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.
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