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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.

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Bankruptcy

Has the bill enabling student loans to be applied to bankruptcy been passed yet, I was under the understanding that it would be passed this fall. Please respond.

Posted from: Ontario

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One Response to “Bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Yes, on July 7, 2008 the rules for student loans changed so that if you have been out of school for 7 years as of the date you file for bankruptcy then your student loans will be cleared.

If that 7 years has elapsed I would recommend you contact a local trustee to determine if bankruptcy will indeed work given your situation.