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		This site is sponsored by Cameron • Okolita Inc., a bankruptcy trustee in Calgary. To arrange for a meeting with one of our bankruptcy experts, Calgary and the area residents can call our Calgary bankruptcy office at (403) 543-3100. Or: e-mail us your bankruptcy questions now and we will contact you with an answer! - The team at Cameron • Okolita Inc. is happy to help.

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Sponsored by Cameron • Okolita Inc., this site is designed as a free source of information on personal bankruptcy in Calgary, consumer proposals, and other debt management solutions available in Calgary, as well as on bankruptcy services offered by local bankruptcy trustees.

Calgary bankruptcy trustees at Cameron • Okolita Inc. are licensed by the federal government of Canada to provide personal bankruptcy and proposal services to Calgary and the area residents.

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Recent Bankruptcy Questions:

RESP's

Question: My wife and I have RESP's for our kids and they are with a local Calgary credit union. We have been told RESP plans with credit unions are member accounts which are protected. Please advise.

Answer: In Alberta exempt assets are set out in the Civil Enforcement Act. There are no special exemptions for credit unions nor any other financial institutions in Alberta. RESP's are not protected and may be seized by judgement creditors in settlement of any debts you may owe.

Labels: RESP'S

Posted on Monday, February 08, 2010

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