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What will happen to RRSP (locked or unlocked)

If some file bankruptcy then what will happen to RRSP (locked or unlocked)?

One Response to “What will happen to RRSP (locked or unlocked)”

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.