10 year rule

December 9th, 2009 by Questions

When does the 10 years start for bankruptcies that happened in 1992, for student loans? When you signed the papers for the loan or your last day of school. Thanks

Posted from: British Columbia

Questions

One Response to “10 year rule”



December 10, 2009 at 5:48 am, A licensed trustee said:

The 10 year clock starts ticking the day after your “end of study date” – this is the last day you were regsitered as a student. You should contact the National Student Loan Centre your elf to find out exactly what your end of study date is (or rather was).

By the way, as of July 7, 2008 the 10 years period for including student loans in bankruptcy was reduced to 7 years.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)