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

"*" indicates required fields

Facebook

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

Five year student loan period

How does the court decide whether or not to include student loans in a discharge that will fall under the 7 year limit, but greater than 5 from the end of study date?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Five year student loan period”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

As the change in legislation is so new it is impossible to predict how strict the court may or may not be, but essentially you have to have acted in good faith, show that your education really provided very marginal benefit (i.e. not used to get your current job) and demonstrate “hardship” meaning that you really have no hope of being able to pay this amount back in the future.