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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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school

if i file bankruptcy now. am i still elgible to get a student loan??

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One Response to “school”

A licensed trustee said...

There is nothing in the Bankruptcy and Insolvency Act that prohibits you from applying for (and receiving) new credit. You are simply required to tell the lender that you are an undischarged bankrupt.

In regards to student loans, you will need to check with the financial aid officer at the school you will be attending regarding the rules and regulations around student loans and whether or not you will be approved if you are bankrupt.

I can tell you that people have been approved in the past, but the decision is the lenders, not your trustees.