Comments on: Loan Default question http://www.bankruptcy-canada.ca/student-loans/2009/12/loan-default-question.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy http://www.bankruptcy-canada.ca/student-loans/2009/12/loan-default-question.html#comment-112436 Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy Sat, 12 Dec 2009 15:37:04 +0000 http://www.bankruptcy-canada.ca/student-loans/2009/12/loan-default-question.html#comment-112436 This partially depends on what collection activity there has been over those years, but as a general rule debts do not disappear with time so likely you stilll owe this amount. Technically there are Statute of Limitation laws, but creditors can easily avoid these from becoming issues by taking very simple collection activity, which most creditors do, so usually they do not become an issue. This partially depends on what collection activity there has been over those years, but as a general rule debts do not disappear with time so likely you stilll owe this amount.

Technically there are Statute of Limitation laws, but creditors can easily avoid these from becoming issues by taking very simple collection activity, which most creditors do, so usually they do not become an issue.

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