October 29th, 2009 by Questions
I declared bankruptcy last month, and my end of study date is May 31, 2002.
I received a letter from Sciotiabank this morning stating that they have received notification of my bankruptcy.
In the letter it states, `since June 18, 1998, student loan debts are not extinguished through participation in bankruptcy unless seven years have elapsed since the borrower ceased to be a student. Therefore, your student loans will survive bankruptcy and will not be released by an order of discharge.`
I have not taken any courses since May 2002. Before declaring bankruptcy, I asked for and received a letter from the National Student Loan Centre stating that my end of study date was May 31, 2002. Is this a form letter that Scotiabank sends to all bankrupts with student loans?
Posted from: Ontario
One Response to “Scotiabank letter”
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October 30, 2009 at 8:35 am, A licensed trustee said:
It certainly sounds like a form letter to me – send a copy to your trustee and discuss it with them. If you checked your end of study date before filing then you should be fine.