FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Phone

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

RESP – divorced bankrupt

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

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “RESP – divorced bankrupt”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This will really depend on who’s name is listed on the RESP. If it is only listed in the bankrupt parent’s name then 100% would be lost, but if it is held jointly then only 50% is lost as part of the bankruptcy.