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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Canada Student Loans

In 2008….when you have no choice but to declare bankruptcy….what happens to an outstanding student loan that hasnt been able to be paid back

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One Response to “Canada Student Loans”

Barton Goth GCO Bankruptcy Trustees said...

This depends on how old the student loans are. If more than 10 years has expired since you last attended school then your student loan will be cleared along with your other debts. However if it is less than 10 years then once you are discharged from bankruptcy you will have to make arrangements to continue to pay these loans down. For more information on this you are best to discuss it with your trustee.