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Alger Bankruptcy Services

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Alger & Associates personal bankruptcy services are
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I have about $100,000.00 of unsecured debt and my employer has confirmed it will be paying out the annual bonuses. In my case it amounts to $8000.00 and will be deposited into the company RRSP plan at the end of the week. Will I be able to keep the bonus if I declare bankruptcy immediately after receiving it? If not, how long should I wait to declare in order to keep it? Will this bonus drive up the cost of a consumer proposal?



Alger & Associates Inc.



Mar 24, 2013



Yes, you will be able to retain your RRSP. The 12 month clawback provisions in the Bankruptcy and Insolvency Act do not apply in Alberta. The destination of retirement savings is not unusual for bonuses received. Please call me regarding your Consumer Proposal, I would be happy to assist you in drafting and filing your proposal. Thanks for the question. Marie Kozlowski

Marie Kozlowski
T 403-296-3082


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