An RESP is treated differently than a RRSP. An RESP is not exempt (protected) in bankruptcy. If you want to keep the RESP, you would have to pay the value of the RESP. Fortunately, the value is much less than what shows on your statement, because a portion of the plan is made up of government contributions. The administrator of the RESP can advise you of the 'cash-out' value. We would use this amount to base your settlement to keep the plan.