Can I Lose My RRSP for filing Bankruptcy?
Under the Bankruptcy & Insolvency Act, when you declare personal bankruptcy a Licensed Insolvency Trustee is appointed. RRSP’s as a general rule are not lost in a Bankruptcy, except for any contributions made to the RRSP in the 12 months PRIOR to filing for Bankruptcy. We highly recommend that you should contact a Licensed Insolvency Trustee for a free consultation. Make sure that you bring all your RRSP paperwork and they will go through all the documentation to see if the RRSP is exempt.
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