FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

X/Twitter

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Returning to school

I am currently deciding to declare bankruptcy on a 13 yr. old student loan…I have a chance to return to school funded by Service Canada…the course I took 13 yrs ago was not completed…am I still able to declare bankruptcy on the student loan and return to school by being funded by Service Canada…

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Returning to school”

A licensed trustee said...

There are two things you need to check:

1) You’ll have to ask Service Canada if by filing bankruptcy you are still eligible for their subsidy – I can’t think of any reason why you wouldn’t be, but I think you should ask them directly yourself (to be sure).

2) If the new course(s) you are going to take are a continuation of your old program of study then sumply by registering you may be re-setting the 10 year clock on your student loans (ie they may no longer be dischargeable by bankruptcy). I think to be safe, you should wait until after you have completed your bankruptcy and the debts have been discharged before you register for more classes.