going to school

March 16th, 2007 by Questions

If I file for bancruptcy while in university will I be allowed to continue to pay my course fees every few months?

Questions

One Response to “going to school”



March 17, 2007 at 8:16 am, A licensed trustee said:

You may definitely continue to pay your course fees and other charges – bankruptcy only prohibits you from making payments towards your unsecured debts.

The challenge is to make ceratin that you have enough cash in the bank to pay the fees – obtaining any new credit during bankruptcy is difficult (that’s something of an understatement!).

Discuss your concerns with your trustee before you file – in that way there won’t be any surprises for you during the procedure.

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