Comments on: RRSP and bankruptcy http://www.bankruptcy-ontario.org/uncategorized/2006/11/rrsp-and-bankruptcy.html Mon, 23 Jan 2012 18:51:03 +0000 hourly 1 By: J. Douglas Hoyes, CA, Trustee http://www.bankruptcy-ontario.org/uncategorized/2006/11/rrsp-and-bankruptcy.html/comment-page-1#comment-17 J. Douglas Hoyes, CA, Trustee Tue, 14 Nov 2006 13:36:38 +0000 http://www.bankruptcy-ontario.org/?p=88#comment-17 There are two types of RRSPs in a bankruptcy: seizable and not seizable.<br/><br/>If your RRSP is locked-in, you would not lose it when you go bankrupt. If your RRSP is not locked in, the trustee will seize it, and the proceeds are distributed to your creditors, which means your creditors would get some, but not all, of the money they are owed. There are two types of RRSPs in a bankruptcy: seizable and not seizable.

If your RRSP is locked-in, you would not lose it when you go bankrupt. If your RRSP is not locked in, the trustee will seize it, and the proceeds are distributed to your creditors, which means your creditors would get some, but not all, of the money they are owed.

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