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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Default Student Loan

I left Ontario for Japan over 10 years ago and didn`t repay any of my student loan. Will I now be able to return to Canada and work there or will I still owe the money? How would they know?

Posted from: Ontario

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One Response to “Default Student Loan”

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

This will partially depend on what actions Student Loans has taken, but likely the debt still exists and upon returning to Canada you wil have to make arrangements to pay this.

Typically you cannot be cleared from debts by simply ignoring them, a savy creditor can preserve collection rights and will do so for some time.