Student Loans in Collections
June 9th, 2007 by Questions
I would like to know, if Canadian and Ontario student loans are in collections does that still fall under having to wait for 10 years before you can file bankruptcy. I was my understanding that a collection agency pays out the company and then goes after the person owing the debt meaning it is not considered a student loan anymore and just an amount owing. Am I wrong? Do we still have to wait the ten years if it has been in collections for over 5 years?
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