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It will depend on who the RRSP and RESP are invested with as to what will happen to them. If they are with a life insurance company and have a
preferred beneficiary (spouse, parent, child or grandchild) they will most likely be exempt. However if they are not, they may be subject to seizure by the Trustee as they will vest with the estate upon filing bankruptcy.
You should contact a Trustee in your area by looking in the yellow pages under "Bankruptcy" to obtain a free assessment of your financial situation.
If you have any further questions or want to come in for a free assessment to our office, please call or email me using the information below.
Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com
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