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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Student Line of Credit

Does a “Student Line of Credit” given by a bank qualify as A “Student Loan” under the Bankruptcy Act?

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One Response to “Student Line of Credit”

A licensed trustee said...

Generally no, a student line of credit is no a Student Loan as defined by the Bankruptcy & Insolvency Act, unless it is guaranteed by the government.