If you lose your job and are unable to pat any amount due to no income does a person lose pay when they obtain work again after bankruptcy?
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta
Bankruptcy Alberta
Archive for November, 2009
RRSP’s
Question: Are RRSP’s protected if I go bankrupt??
Answer: The Civil Enforcement Act of Alberta was amended effective October 1, 2009 to include protection for RRSP’s and under a bankruptcy scenario RRSP’s are generally now considered as being exempt from seizure. Section 67 of the federal Bankruptcy and Insolvency Act allows each province to set its own bankruptcy exemptions.
From an exemption point of view Alberta is one of the best provinces in which to go bankrupt.