Sentences with phrase «seizure by the trustee»

If your RRSP is held with a life insurance company, then depending on who the beneficiary is, the entire RRSP may be exempt from seizure by your trustee.

Bonuses and commissions from employment would be considered income and not subject to seizure by the trustee however they will impact the calculation of surplus income.

There are certain assets that are exempt from seizure by the trustee.

Not exact matches

These assets are called bankruptcy exemptions, because they are exempt from seizure by your Licensed Insolvency Trustee.

In other words, the money you withdraw from your retirement will be subject to seizure by the bankruptcy trustee to pay your debts.

This is because pension assets can be subject to special provisions under the Ontario Pension Benefits Act, which keep them exempt from seizure by way of execution, which includes seizure by a bankruptcy trustee.