RESP Bankruptcy

January 14th, 2014 by Questions

I owe Canada student loan and Ontario student loan. My wife hold an RESP account for our child. Can my creditors take away my child’s RESP?

Posted from: Ontario

Questions

One Response to “RESP Bankruptcy”



January 14, 2014 at 6:52 am, A licensed trustee said:

RESPs are NOT protected under the law – if your name is on the account then it may be at risk. If your name is not on the account then it is not at risk from your creditors.

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