How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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How will Bankruptcy affect application for Student Loan

I am considering bankruptcy. I am a 3rd year university student and I need to know how bankruptcy is going to affect my application for OSAP in my last year of school. I am a sole support and single. I do not have any income aside from my previous OSAP application which is helping me go through school.

Posted from: Ontario

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One Response to “How will Bankruptcy affect application for Student Loan”

A licensed trustee said...

As long as you have not defaulted on any student loans then there should be no impact on your ability to borrow in the future. To be certain, you should go and speak to a financial aid officer at the school you will be attending.