RRSP`s in bankruptcy or a proposal

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I’m confused.

I have to file either a bankruptcy or a proposal, but I can seem to be able to figure out what will happen to my RRSP`s.

I have tried to do my research and have run into what I think is contradictory information.
Some of the stuff I read suggests that all my RRSP`s are losed, unless help by an insurance company in a special type of fund (segregated I think???). Other pages state taht I get to keep everything that has been contributed except for the most recent 12 months. What can I expect?

Posted on Tuesday, December 8, 2009 | Filed under: Bankruptcy and Consumer Proposals
 posted by Questions @ 11:19 pm 1 Comment
1 Expert Comment:

 At December 11, 2009 | 3:59 pm , Bart Goth, Trustee in Bankruptcy Said...

This is a little confusing as things a) are different in every province; b) but each province is subject to a federal minimum; and c) the federal rules and Alberta rules surrounding RRSP’s have just changed recently.

So as it sits now, in Alberta your RRSP contributions are exempt from seizure when a bankruptcy is filed, regardless of when the contributions were made or whether or not they are held in a segregated fund.

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