Posts tagged exempt assets
What Happens to my RRSPs and Other Investments in Bankruptcy or a Consumer Proposal

RRSPs are exempt from seizure with the exception of contributions made by you during the 12 months prior to filing for bankruptcy. These funds get deposited with your Trustee for the benefit of your unsecured creditors. In some cases, even the amount contributed in the last 12 months could be exempt; this needs to be reviewed with the Trustee.

Read More