I recently moved to Canada from the U.S. I plan to become a Canadian citizen when I marry my Canadian fiancee later this year. I have student loan debt from attending school in the U.S. Student loans are not dischargeable in the U.S. under U.S. bankruptcy law. I am currently unemployed […]
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Student Loans and Bankruptcy in Canada
Current legislation on student loans in bankruptcy and proposed law changes
News Flash: 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 ten years has passed since the individual ceased to be a full-time student. However, the new proposed rules may lower that limit; please refer to the Canadian Student Loan Bankruptcy Blog for the current status of this proposed legislation.
To find answers to your more specific questions about student loans in bankruptcy:
- Read the latest expert responses to anonymous questions on student loans below.
- Search our blog archive for "student loan" (and for other related keywords):
Read our articles about student loans in bankruptcy:
- What happens to my student loans if I file for bankruptcy in Canada
- What can I do if I can’t repay my student loans
- What are the advantages and disadvantages of student loan debt consolidation
To ask a question about Canadian student loans in bankruptcy:
- Post an anonymous question about student loans to our blog.
- Email your question to a bankruptcy trustee in your area, who will be glad to respond to your individual situation.
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!
The latest questions on Student Loans in Bankruptcy, with our experts' responses:
Posted on Saturday, August 28, 2010
posted by Questions @ I filed for bankruptcy in 2007, and I was discharged in 2008. I had student loans included in that which were over 10 years old. This year in 2010 I have a collection agency calling me non stop telling me that I am on the hook for this and that the student loan […]
Posted on Thursday, August 19, 2010
My husband is currently unemployed. He hasn`t been able to repay his student loan for quite some time. He stopped attending school over 7yr ago.The collection agency has taken over now and keeps on calling him saying, they`ll put a lien on the house if he doesn`t sell the house to repay his loan. The […]
Posted on Thursday, August 12, 2010
I have not attended school since 1997. I Moved to the States immediately following school and still reside in the US. I have over te year made very minimal payments since I do not make much money. I never even covered my interest. I have not made a payment since 2004 and […]
Posted on Monday, May 24, 2010
Here is my situation: I finished school in the summer of 1997. I filled for bankruptcy February 2002 and was discharged in 2003. I was able to make payment arrangement with government few times in the last ten years. Needless to say that I was only covering the interest cost. In March 2010 I […]
Posted on Thursday, May 6, 2010
I am being harassed by a collection agency, whom I have told that I may have to file bankruptcy because I just can`t pay these like they would like. She was quite rude and to the point when she told me that every student loan this is included in a bankruptcy…when discharged ALWAYS goes back […]
Posted on Wednesday, March 31, 2010
Do I have been out of school since 1999. I owe over $30,000 in student loans which I am unable to repay. I don`t want to file for Bankrupcy. Is a proposal an option for student loans.
Posted from: Ontario
Posted on Sunday, March 14, 2010
I am preparing to file bankruptcy early next month. My end of study date is August 2002. This morning I spoke with a creditor who said the new 7-year rule is for loans taken out after the legislation was enacted so my loans would not be discharged as I would still be held to the […]
Posted on Monday, March 8, 2010
I finished my undergraduate degree in 2000, and then ceased to be a student for one year; in 2001 I went back to graduate school and just finished everything this year (without taking any more loans since my undergrad days). Can I get rid of my student loans by bankruptcy? And, more generally, […]
Posted on Friday, December 18, 2009
What exactly constitutes being `out of school` for 7 years. Does this mean full time post graduate education in an accredited school in Canada?
What about part time studies?
Does studies abroad count?
Posted from: Ontario
Posted on Thursday, December 17, 2009
