tag:blogger.com,1999:blog-24265857.post116483144564481051..comments2009-07-10T19:14:33.831-04:00Comments on Ontario Personal Bankruptcy Blog: 401 K and bankruptcy in OntarioQuestionshttp://www.blogger.com/profile/16382882060961640789noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-24265857.post-1164907380744263112006-11-30T12:23:00.000-05:002006-11-30T12:23:00.000-05:00If she files for bankruptcy in Ontario, the truste...If she files for bankruptcy in Ontario, the trustee will attempt to seize the money in her 401K in the United States (similar to an RRSP in Canada).<BR/><BR/>There is no guarantee that the trustee will be able to seize it, depending on whether or not it is locked in or otherwise creditor-protected, but if she goes bankrupt she should assume she will lose it, which may make a <A HREF="http://www.bankruptcy-ontario.org/proposals.htm" REL="nofollow">consumer proposal</A> a better option.J. Douglas Hoyes, CA, Trusteehttp://www.blogger.com/profile/09672537534234990983noreply@blogger.com