September 25th, 2012 by Questions
if I file for bankruptcy will I lose my child tax credit? will the student loans be included>
Posted from: Ontario
September 25, 2012 at 9:36 pm, A licensed trustee said:
If, based on your tax returns, you are eligible to receive the CTB then you will cotinue to receive it if you file for bankruptcy.
Student loans are more complicated – you need to have been out of school for more than 7 years in order for student loans to be dealt with in a bankruptcy. The critical date is your “end of study date” – this is the last day you were registered as a student and it is the date the 7 year clock starts.
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