November 29th, 2009 by Questions
i have a student loan from1999 ,
i mad a payment till 2007 , after that i decleared bankrupcy…
now igot a first letter from them after 2 years it mention that if i do`nt pay the rest of the money they willtake it to the court in 3 days….. my question is am i not forgive after 10 years?
Posted from: Ontario
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November 30, 2009 at 8:04 am, A licensed trustee said:
Unfortunately, you’ve misunderstood part of the law regarding student loans and bankruptcy. When you filed for bankruptcy in 2007 you needed to have been out of school for a minimum of 10 years in order for your student loans to be included in your bankruptcy. You had only been out of school for 8 years and so they were NOT included.
Now that you have been out of school for more than 10 years you have the right to apply to the Court that dealt with your bankruptcy and ask that your student loans be retro-actively included in your bankrutpcy. You may try and do this yourself, or you may hire your trustee or a lawyer to assist you.