Defaulted student loans: what will happen if they are sent to court?
I have federal and Nova Scotia student loans in default. I am self-employed in my area of study. I filed for bankruptcy in 2013 to cover an enormous amount of student related debt on a Professional Student line of credit and credit cards but was only out of school for two years so student loans could not be included. I have received notice that my NS student loans will be sent to court later in December. I know I shouldn’t have ignored it. I was barely breaking even each month and couldn’t afford payments. I didn’t file my 2014 taxes yet, as I couldn’t afford to have my small business taxes done until now (I’m now having them done, everyone I spoke to strongly advised against doing them myself), so I wasn’t able to satisfy the repayment assistance program’s requirement of proof of monthly income. I’m wondering what will happen if it is sent to court and how to best proceed. Any input and advice are very appreciated. Thank you.