pensions and bankruptcy

July 23rd, 2009 by Questions

We are filing for bankruptcy, i am able to get my pension funds…$20,000 how is that taken into consideration?

Posted from: Nunavut

Questions

One Response to “pensions and bankruptcy”



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

Typically, as long as set up properly, pensions are assets that are considered exempt from seizure, meaning they are protected and you don’t loose these funds. However, this is based on provincial legislation and varies depending on where you are in Canada so I would recommend you discuss this with the trustee you will be using.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)