You borrowed from cash — figuratively speaking and bankruptcy

You borrowed from cash — figuratively speaking and bankruptcy

Payment support programs

You may be able to apply for repayment assistance if you are considering bankruptcy because of student loan debt.

The federal government’s Repayment Assistance Arrange assists borrowers manage student loan financial obligation by paying straight right back what they can fairly pay for. When you have a provincial or government that is territorial loan, speak to your provincial/territorial pupil monetary support workplace to discover more regarding their payment help programs.

Just just How bankruptcy impacts your student loan debts

The rule that is seven-year

About Licensed Insolvency Trustees

  • What exactly is A licensed insolvency trustee?
  • Find an authorized Insolvency Trustee to have monetary advice
  • Talking about your alternatives having a Licensed Insolvency Trustee

A discharge from bankruptcy releases you from your responsibility to repay your student education loans you ceased to be a part or full-time student if you filed for bankruptcy at least seven years after the date. (Note: The federal or provincial education loan legislation relevant to your loan governs the method that you determine the date upon that you simply ceased become a complete or part-time pupil.)