Bankruptcy and RESP

October 5th, 2009 by Questions

What if the primary subscriber is the one going bankrupt and the joint subscriber is not. Is the RESP safe from creditors them?

Posted from: Ontario

Questions

One Response to “Bankruptcy and RESP”


October 06, 2009 at 1:46 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Unfortunately the RESP is not necessarily safe from the creditors, you have a 50% share in the RESP and it legally must be realized by trustee on behalf of the unsecured creditors.

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