RESP’s cash out?
July 18th, 2011 by Questions
Hello, we need guidance.
We most likely will have to declare bankruptcy. Included in bankruptcy would be our vehicle which we cannot afford to keep. There is no equity in it.
Question is, we need a vehicle for work, can we cash out or RESP to purchase a vehicle for work. That is the only available cash we have to purchase one. It would be around $6000. Can we do that prior to claiming bankruptcy.
We need your advice, thanks
Posted from: Ontario
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