FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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RRSP’s and Bankruptcy

I have appox 10k in RRSP’s with a life insurance company, I have my daugther as my benifictary, will this be seized by my trustee when i file for bankruptcy.

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One Response to “RRSP’s and Bankruptcy”

A licensed trustee said...

Probably not. In most cases an RRSP with a life insurance policy is not seized in a bankruptcy. However, exemption rules are different in every province, so we recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decision to file bankruptcy.