After Discharge

July 19th, 2012 by Questions

I was discharged in Dec 2011 but CRA has not been notified and therefore I cannot start payment of student loans until CRA is notified (who then notifies Student Loans). I have contacted 2 credit bureaus and forwarded my discharge certificate to CRA, but I’ve been told that my trustee has not been discharged and won’t be until I submit the paperwork to CRA/ Industry Canada. Is this correct or does my trustee submit paperwork?

I can’t find a straight answer anywhere. I just want to make sure that I have notified everyone I need to that I have been discharged.

Thank you!

Posted from: Ontario


One Response to “After Discharge”

, A licensed trustee said:

You should be having this discussion with your trustee – not a free website…

First, CRA is notified of your discharge by the Office of the Superintedent of Bankruptcy via an electronic data transfer.

Your trustee won’t be discharged until they complete the administration of your file – in most cases, the thing holding up a trustee’s discharge is waiting for CRA to assess your tax return. If your 2011 was filed by the end of April (as it should have been) then your trustee should receive your Notice of Assessment sometime between now and October. Once they have that (assuming everything else has been completed) your trustee can apply for thier own discharge.

Part of your trustee’s discharge package is a Statement of Receipts and Disbursements that is sent to all of your creditors, along with any payment they may be entitled to from your bankruptcy. You will also receive a copy of this document when it is mailed out.

The kicker in all of this is the fact that you had/have the right to keep making your student loan payments during your bankruptcy if your student loans are going to survive your bankruptcy. There’s no reason why you can’t start paying tomorrow if you want to…

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