I got a letter in the mail yesterday asking me to confirm my status as custodial parent of the kids "due to the removal of a subscriber from the policies". I never requested any of us to be removed, as until custody is finalized, I couldn't remove him myself unless he agreed to it or he did it himself. So I called to find out what that was all about and that was when they informed me that he cashed out 50% of all three policies, and THEN removed himself as the joint subscriber. I FLIPPED, because their policy handbook, and apparently federal law states that joint subscribers MUST be married or common law, and we have been separated for two years now, of which I can prove, I am the sole contributor to the accounts, of which I can also prove dating back at least 5 years, AND, page 34 of their policy handbook states that BOTH subscribers on the account MUST sign to withdraw money from the policy and cancel the policy and I did not sign, nor was I even aware. I also specifically requested a note on the account to MAKE SURE both subscribers sign to approve a withdrawal of funds from the account in the case that one of us tries to take the money from the account. We also both informed them a year ago that we were no longer together, therefore they should have removed him from the policy a year ago.
So, they've broken laws and their own policies by allowing him to remove MY MONEY that I put there for the kids to pay off his debt. The bankruptcy agency is also at fault because they have taken MY MONEY THAT I PAID FOR THE KIDS EDUCATION that was NOT there for THEM to touch to pay off his debts. Unless they have a court order saying I am responsible for HIS debts, they legally can't touch that money because a) I can prove dating back 5 years that I've been the sole contributor, and b)his name shouldn't be there in the first place, c) they didn't tell him about his THREE other options to save the RESPs, instead threatened him with jail time if he didn't try and get the money from the accounts, so they legally owe me that money back or they face a lawsuit, just like the RESP company faces ones if they don't rectify this situation immediately. And if worse comes to worse, my ex CAN AND WILL be held responsible for repaying back every single effing penny he stole from these kids, including the government grants that they lost. A court order to repay that money will trump whatever he has in place with the bankruptcy agency for repaying his debts. And be sure, I WILL go after him for the money if I have to...especially since I found out he got a new tattoo yesterday and after his d**khead comment that $5600 ($2800 plus the government grants and fees) taken from them is much better than him being $40,000 in debt.
Well guess what jack**s...I'm $30,000 and STILL would not make my kids pay back my debt. No, I got a job and I made arrangements with my debtors to take money on specific days where I guarantee the money is in there. And I've already been able to pay down my student loan alone by nearly $5000 in two years because of this.
Who the HELL files bankruptcy over $40,000. GET A DAMN JOB!!!!