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.



If you are overwhelmed with a financial crisis, J.P. Graci & Associates Ltd can help! Call us now at 519-753-7361.



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James K. July 25, 2017

My decision to declare personal bankruptcy was a very stressful one. I wanted the end result to teach me about money and how to become a better money management. The team at JP Graci was encouraging ...

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