Student Loans Articles - Archive: 2007

When will the 7 year bankruptcy law be `enacted`. I have no other option and cannot take the stress or phone calls while I wait. I have been out of school for 7 1/2 yrs. I cannot take the stress of my parents taking phone calls from creditors when my parents have nothing to do [...]

I went to school over 10 years ago, funded by employment insurance. I didn`t finish the entire course and under that condition, I may be asked to repay the entire loan including all support for the year. I haven`t been asked, and I read of another man who was asked 25 years later to pay [...]

Would student loan be included in bankruptcy if 10 years old 6 months into bankruptcy ?

Upon finishing my studies in 1995, I applied and received deferred payments from the Quebec government for my student loan. Skip forward to 2002 when I took out a consolidated loan and paid off all my outstanding debt, student loan, credit cards, etc. In 2003 I filed bankruptcy and was discharged in 2004. My question, [...]

The bank that holds my student loans recently got a judgement against me. Will they be able to seize funds on deposit with other banks and if so, how long will I have until they are able to do so?

Are student loans/ lines of credit given by financial instituions eligible for discharge under bankrupcty?

Is it true if you take even one course that has college credit value, you have `reset` your clock in order to declare bankruptcy? I am struggling and doing my best to pay my loans but bankruptcy may be my only option, however I took an online credit course five years after graduating (I did [...]

I am 23 years old and owe 18,000 in credit card debt and have a line of credit for 10,000 dollars. I decided to go to university since I have no formal education and thus I have no income anymore either. I`m not capable of borrowing enough student loans in order to go to school [...]

I am in the process of declaring bankruptcy. My student loans are not eligible as it has not been 10 years. I still am unable to pay them right now. Have defaulted in September and October. NO money. Does this negatively affect the bankruptcy?

I declared bankruptcy in June 2001 and I thought that my student loan was included as well. Recently I received a statement from Revenue Canada for payment on my student loan. As far as I understood the debt was cleared with the bankruptcy. Now six years later I have to pay my student loan and [...]