Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More

Free Consultation

Cost to go Bankruptcy

I live in Ontario Canada and I am drowning in student loan debt I owe on both my student loans and being low income I have been unable to pay them., they are alomost ten years old and what I want to know is once they are can I bankrupt them cause I am scared about all the debt can’t sleep over it and if I can do that what is the cost of bankruptcy in Ontario Canada? Thanks

One Response to “Cost to go Bankruptcy”

A licensed trustee said...

Yes, if you have been out of school for over ten years you can file for bankruptcy and your student loans will be discharged.

You should contact a licensed trustee to review the student loan and bankruptcy rules with you to decide if bankruptcy is the correct option for you.