Student Debt
I have creditors harassing me and I’m definitely going bankrupt. The problem is Bill C-55 and the 10 year student bankruptcy rule.
I want to wait until C-55 is passed as, if I understand it correctly, if I go bankrupt before C-55 passes I’m locked in for 10 years but if I go bankrupt after I’m locked in for 7 years.
Is this correct?
This is typically the way changes to the legislation have been implemented in the past and I would expect Bill C-55 to follow this same pattern.