When filing bankruptcy or a consumer proposal, different types of debt are treated in different ways. Some debts will automatically be included in a discharge, while others might or might not be, depending on what type of debt it is and a few other conditions. Student loans are one type of debt that is treated… Continue reading Student Loans in Insolvency Proceedings
If you’re thinking about filing for bankruptcy in Canada, it’s important to understand exactly how it will affect your finances. There are various different types of debts and they are often dealt with differently. For example, secured debts aren’t typically included in a personal bankruptcy, but unsecured debts are. One of the most common areas… Continue reading Student Loans, The 7-Year Rule and Your End of Study Date
The statistics surrounding student loans in Canada are very worrying. The most recent stats show that 49% of graduates in 2015 were in student debt, and 20% of these graduates owed over $25,000. To make matters worse, the average student loan debt in 2015 was $15,300. The next set of statistics is due to come… Continue reading When are Student Loans Discharged in a Bankruptcy in Canada?
You’re not alone if you’re dealing with student loans that have piled up over the years. You can compare student loans to that of all unsecured debts. You may be curious to know: “Are Student Loans Forgiven in a Consumer Proposal?” The answer is, yes, they can be eliminated in a consumer proposal. However, you… Continue reading Are Student Loans Forgiven In A Consumer Proposal?