student loan discharge
I was told that if I contacted student loans about my student loan debt that it would start the 7 year clock all over again is this true? My last date of study was may 1995. I filed and completed a consumer proposal in 2005, but it paid very little of my loan and the interest they tacked on for that time period is impossible. I wanted to apply for forgiveness but was told I had to have a bankruptcy lawyer. All the bankruptcy I called would not touch student loans. I want to apply for forgiveness based on hardship. What is the best course of action?
Posted from: Ontario
Something is not quite right here – the proposal you completed in 2005 shouold have included all of your student loan debt. They weren’t allowed to add on more interest during the proposal unbless you went back to school at some point (so that your student loans were not dealt with). You should contact the trustee that handled your proposal to get things sorted out BEFORE you start hiring lawyers and/or applying for forgiveness…