No they are not. Your trustee will ask you to find out what the “cash out” value of your RESPs are BEFORE you file – in most cases you simply pay an amount equal to the cash out value so that you may keep the RESPs. If the cash out is to high a number for you to repay then perhaps you should look into filing a proposal instead of bankruptcy.
BEFORE you decide what to do, you should speak directly to a trustee.
No they are not. Your trustee will ask you to find out what the “cash out” value of your RESPs are BEFORE you file – in most cases you simply pay an amount equal to the cash out value so that you may keep the RESPs. If the cash out is to high a number for you to repay then perhaps you should look into filing a proposal instead of bankruptcy.
BEFORE you decide what to do, you should speak directly to a trustee.