Personal Bankruptcy Forum
Author:   F Warner
Date:   August 28 , 2000
Question:   When you declare bankruptcy what happens to your RSP's?
 


From:
 

Shane Brenneis, Collins Barrow Limited
Date:   September 7, 2000
Answer:  

It depends what type of RSP's you have and where they are held. If they are 'locked-in' pension funds then normally no one can touch them. If they are normal RSP's then they could be protected if they are held by a life insurance company and a parent, child, grandchild or spouse is the beneficiary. I would suggest you check with the holder of your plan.

Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com




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