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RRSP

Will my RRSP savings will be forced to cash out to pay off the creditors??

One Response to “RRSP”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

In most cases, unless you have a RRSP which is written through an insurance company, or is locked in as a pension rollover, it would be turned over to the trustee in a bankruptcy. However, exemption rules are different in every province, so I recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decisions.