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A loan to payback the student loan!

Hello
10 years ago after graduation, I was able to raise some capital (through borrowing from family in overseas) to start a business in a third country. I had to declare the amount when I left the country. My business in the third country went bankrupt and I have been struggling since then. Now After 10 years I am here to apply for a bankruptcy on my OSAP student loan. Will the fact that I had a money in 10 years ago equal or more than my debt (which could payback the loan, though it was just another loan from another source) be a problem for me now if I file for bankruptcy!
another source) be a problem for me now if I file for bankruptcy!

Please advise me. Thanks.

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One Response to “A loan to payback the student loan!”

Barton Goth GCO Bankruptcy Trustees said...

It is not likely that you having had money 10 years ago will play much of your role as you go through a bankruptcy. In this case the important thing will be the timing and as long as 10 years or more has elapsed since you last attended school you shouldn’t have any issues.