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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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LIRA in a bankruptcy

is a LIRA lost if one goes bankrupt

Posted from: Ontario

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One Response to “LIRA in a bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

In most provinces if you file for bankruptcy a LIRA is considered to be an exempt asset and is something you don’t loose. But I would recommend you contact a local trustee to verify that is the case in your province.