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

"*" indicates required fields

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

can I declare a student loan in a consumer proposal and wht is the best route for me

I have an old student loan that is haunting me for over 10 years now.. I am a single mother that is on a limited income with a full time job and starting to rebuild credit (slowly)
I am looking at clearing this old debt up by either a consumer proposal or bankruptcy. First, can I declare a student loan in a consumer proposal and if so, is that the best route for me?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “can I declare a student loan in a consumer proposal and wht is the best route for me”

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

Firstly, student loans can be cleared by a bankruptcy or a proposal as long as more than 7 years has elapsed since you last attended school.

Second, in terms of what is the best route, you really would have to discuss things in more detail with a local trustee before much advice or direction can be given. But in my experience it all comes down to cash flow, if you can afford a proposal it is an excellent way to avoid a bankruptcy, but you need to be confident you will be able to maintain the required payment.