Comments on: RRSP and personal bankruptcy in Toronto http://www.bankruptcy-toronto.net/uncategorized/2006/05/rrsp-and-personal-bankruptcy-in-toronto.html Just another WordPress weblog Mon, 23 Oct 2006 17:24:40 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: J. Douglas Hoyes, CA, Trustee http://www.bankruptcy-toronto.net/uncategorized/2006/05/rrsp-and-personal-bankruptcy-in-toronto.html/comment-page-1#comment-3 J. Douglas Hoyes, CA, Trustee Thu, 04 May 2006 15:05:44 +0000 http://www.bankruptcy-toronto.net/?p=9#comment-3 Yes, if you file for <a HREF="http://www.bankruptcy-Toronto.com/bankruptcy-Toronto.htm" REL="nofollow" rel="nofollow">bankruptcy in Toronto</a>, you will lose everything you have in your RRSP. The only exception will be if your RRSP is "locked in" as a result of your previous employment. In your case your RRSP is with a bank, so you should review your last statement from the bank to see if they are locked in.<br/><br/>Feel free to <a HREF="http://www.bankruptcy-Toronto.com/askus.htm" REL="nofollow" rel="nofollow">contact us</a> to help you review your RRSP.<br/><br/>If you have large debts but want to keep your RRSP, another option to consider would be a <a HREF="http://www.bankruptcy-Toronto.com/proposals.htm" REL="nofollow" rel="nofollow">proposal</a>. Yes, if you file for bankruptcy in Toronto, you will lose everything you have in your RRSP. The only exception will be if your RRSP is “locked in” as a result of your previous employment. In your case your RRSP is with a bank, so you should review your last statement from the bank to see if they are locked in.

Feel free to contact us to help you review your RRSP.

If you have large debts but want to keep your RRSP, another option to consider would be a proposal.

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