If I file for bankruptcy what happens to RRSP’s? Will they be seized?
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta
If I file for bankruptcy what happens to RRSP’s? Will they be seized?
In most cases, unless you have a RRSP which is written through an insurance company, or is locked in as a pension rollover, it would be turned over to the trustee in a bankruptcy. However, exemption rules are different in every province, so I recommend that you contact a licensed trustee to review the RRSP paperwork and to give you advice before you make the decisions.