Debt after a Proposal
October 22nd, 2006 by Questions
In 2004 I filed a joint Consumer Proposal. Included in this was my Student Loan. I knew that it had not been 10 years since my studies were completed (June 1995), but was in such a position that I could not fight off my creditors any longer and needed to take action.
My proposal was completed earlier this year. I have now received notice from the Quebec Loans office that since I filed before my loans were 10 years old I am still liable for the balance of almost $30,000 (which more than half of is interest!!!). I cannot afford to pay this.
Is my only option to file bankruptcy. Can I file another proposal. I thought I read somewhere that I could apply to the courts to have it released, I asked my trustee and they said I would have to hire a lawyer and it is not something they get involved in? Can you answer any of my questions? Thanks.