Will I lose my RESP if I file for bankruptcy?

Will I lose my RESP if I file for bankruptcy?

Yes. An RESP is an asset that can be cashed in to pay off debts to creditors. However, you can consider a consumer proposal as an alternative to bankruptcy. In this situation, you do not lose your RESP. It is important to research your options in order to make the best decision for you.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.