August 9th, 2011 by Questions
If i file for bankrupty, are my investments,like GIC’s RRSP’s safe. I am having difficulty making ends meet and paying off debt cards?
Posted from: Alberta
August 09, 2011 at 8:48 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
If you file for bankruptcy in Alberta the property you are allowed to keep is outlined by provincial exemptions. In Alberta if you do file for bankruptcy you would be entitled to keep all your RRSP’s (Assuming you didn’t make large deposits on the eve of filing bankruptcy in an effort to protect property), but your GIC would be something that would be lost.
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