Bankruptcy and RESP
September 30th, 2009 by Questions
I`am a self employed businessperson planning to file for bankruptcy. I have few assets the biggest being the RESP that I had kept for my 14 year old daughter. The plan has been in existence for 10 years. My total contributions amount to 11000 dollars. The plan has about 27000 dollars due to good investment choices and the CESG. If I declare bankruptcy will I lose the entire 27000 or only 11000?
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)