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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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Question

What exactly constitutes being `out of school` for 7 years. Does this mean full time post graduate education in an accredited school in Canada?

What about part time studies?
Does studies abroad count?

Posted from: Ontario

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One Response to “Question”

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

To qualify to have your student loans cleared in a you must have not taken any classes. This is full or part time, graduate or undergraduate, technical school or college/university, in Canada or elsewhere. The moment you take a class, the moment the clock starts over.