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Bankruptcy and RESP

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

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One Response to “Bankruptcy and RESP”

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.