October 7th, 2013 by Questions
I am in financial trouble and I am currently reviewing filing a consumer proposal. The issue is that I have the money to pay ALL of my debts but it’s locked into a RRSP that I received from a registered pension.
I am not close to the age to unlock the funds. Is their anyway that I can get this unlocked to avoid a consumer proposal or bankruptcy.
I want to pay my debts and have the funds but the government is roadblocking me from obtaining the funds to pay off my debt. I will do anything required to unlock these funds.
What is your opinion or direction I can take? Do I have to enter a proposal or can the money be used to pay the creditors.
I would settle for direct payment from the locked funds to the creditors with the remaining balance staying locked in. I don’t necessarly need to access the funds myself.
Posted from: Ontario