How to Stop CRA Garnishment After Receiving an RTP Demand Payment Letter

Ever felt the stress of unexpected financial setbacks? How to stop CRA garnishment is a question many Canadians face when dealing with debt issues and a RTP (Requirement To Pay) from the Government of Canada. Understanding the steps to halt this process can alleviate a significant amount of stress and help you regain control over […]

How Many Times Can You Do A Consumer Proposal

Ever felt like you’re stuck in a financial maze with no exit in sight? Debt can weigh you down, making every day feel like an uphill battle. But what if there’s a way to reset and start fresh? How many times can you do a consumer proposal? The straightforward answer is that you can file […]

Who Can Put a Lien on Your House in Canada?

Liens can significantly impact property ownership in Canada, often catching homeowners off guard. Understanding liens—what they are, the types that exist, and who can place them on your property—is crucial for any homeowner. This article unpacks the complexities of liens, explores potential lien holders, and discusses the consequences they can have on property sales. It […]

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Help with student loans

I graduated from university in April 2013 and was told that my 12 month payment free period would be over in November. I tried arguing many times that I graduated in April and not November as their records indicated and was told to apply for the repayment assistance program, but that they wouldn’t change the graduation date. I filled out the application, and the next letter I received was from Human Resources Canada (HRSDC) saying they were collecting my debt on behalf of the CRA. OSAP sent my loans to collections while I was disputing the graduation date…I am paying an insane 500$ a month and a creditor is still calling me asking to pay the entire loan ASAP.

Posted from: Ontario

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One Response to “Help with student loans”

Doug Stuive, CA | Trustee | CIRP said...

Student loans that are less than seven years from the time of graduation cannot be included in a bankruptcy or consumer proposal filing. At this point you have no options under the Bankruptcy and Insolvency Act to help you deal with this situation. Student loans are managed under the Canada Student Loan Act.

You may wish to seek the advice of a credit counselor who may be able to act as an intermediary between yourself and the collection agency that is dealing with your student loan debt.

You may also wish to seek legal advice to see if there is a way to get the student loan department to adjust your graduation date.