September 6th, 2008 by Questions

I filed for bankruptcy in May of this year, but I made sure my trustee knew I was planning on going back to school and I was in school last year.. She was very eager to sign me and now i`m having a problem with my Canada student loan. I was under the impression that no student loan could go in my bankruptcy, but my Provincial was included, so it shows now that I defaulted on my loan. If I had known she was to include that, I would not have declared, I know I don`t make enough money to have it garnished. I received the certificate for my Canada student loan and had it signed and sent to the funds would be put in my account., I called yesterday and was told the government is doing an investigation of my bankruptcy? What does this mean? My trustee knows NOTHING about student loans, and when I signed she seemed to know it all. I`m lost without funding..

Posted from: Nova Scotia


One Response to “Lost”

, A licensed trustee said:

If you have a specifc complaint against/about a trustee you should contact the Office of the Superintendent of Bankruptcy.

Based on what you’ve written, I’m not sure you clearly understood all of the bankruptcy process when you started in May. You are requried by law to list all of your debts, including your student debts, even if they cannot be discharged (eliminated) by your bankruptcy. If you intended to borrow more student loans then you were/are required to keep you loans curent. That either means filing the correct paperwork to show you’re still in school, or apply for payment deferral or actually making the required payments. If you haven’t done these things since you filed for bankruptcy then your loans have probably fallen into default and therefore you are no longer eligible to borrow more.

In order to borrow more you need to find out what you have to do to get your loans back in good standing – the only folks that can tell you that at the student loan administrators. If you don’t get anywhere with them you might try your local MP…

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