Student Loans and Bankruptcy in Canada

Current legislation on student loans in bankruptcy and proposed law changes

New Bankruptcy Laws Came into Effect on July 8, 2008

Does this sound like you?

  • Huge student loan debt.
  • Interest building up faster than you can repay.
  • Considering bankruptcy to get a fresh start.

Under current law, Canadian student loan debt can be discharged in a bankruptcy, under the condition that at least seven years has passed since the individual ceased to be a full-time student. This is an improvement to previous legislation in which you would need to wait ten years in order to discharge your student loan in a bankruptcy proceedings.

To find answers to your more specific questions about student loans in bankruptcy:

Read our articles about student loans in bankruptcy:

To ask a question about Canadian student loans in bankruptcy:

You can also contact a trustee for a consultation: your first meeting will be free of charge or obligation, and will deal exclusively with your personal circumstances.

For questions on student loan debt and related topics, trust the experts at Bankruptcy Canada!