new laws

February 19th, 2009 by Questions

If bankruptcy was filed in Oct 2007 and discharge, as per hearing, will be granted July 2009, are the new RRSP exempt rules applicable or do the old laws apply and RRSP`s will be seized? Thank you.

Posted from: Ontario


One Response to “new laws”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

As you filed bankruptcy under the old system, you would fall under the old laws. As a result you will loose your RRSP’s. The key date that the system changed was July 7, 2008, so anything prior to that would still operate with RRSP’s not being exempt.

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