RESP – divorced bankrupt
April 23rd, 2012 by Questions
How much will an RESP of a divorced bankrupt be liquidated? Will the whole thing be affected or just 50% as the bankrupt’s share of pay? Will there still be money in the RESP after the fact so the child can still go to secondary school, or the parent/s can still continue to contribute towards the account? The child does not live with the bankrupt parent and but continues to make contributions towards this RESP.
Posted from: Alberta
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)