do I have to claim bankruptcy again now that the laws have changed to 7 years
July 9th, 2008 by Questions
I claimed bankruptcy last year and I was discharged as of Feb. However, because I had not been out of school 10 years, student loan people have begun to bother me again and I can not afford the payments. I received my last student loan on April 1, 2001 and graduated May 2001. So do I have to claim bankruptcy again now that the laws have changed to 7 years, or will the student loans just go away?
Posted from: Saskatchewan
One Response to “do I have to claim bankruptcy again now that the laws have changed to 7 years”
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July 10, 2008 at 6:24 am, A licensed trustee said:
Probably not, but until the new rules are published in a couple of weeks no one can say for sure…
If the 7 year rule is retroactively applied then you should be able to apply to the Court to include your student loans in the bankruptcy you have already completed.
If the 7 year rule is not retroactively applied then you’ll need to either wait until the 10 years have passed or file a second bankruptcy.
You should know in a couple of weeks…