May 12, 2020 by Questions
The 5-Year Hardship Provision Allows You to Discharge Student Loan Debt Early When filing for bankruptcy or a consumer proposal, it’s important to understand exactly how the outcome will reshape your financial situation. Student loans are a common source of confusion, especially as most people are unaware of all aspects, such as the five-year hardship […]
How Is Student Loan Debt Treated In A Consumer Proposal? You’ll naturally have many questions concerning the topic of student loan treatment in a consumer proposal. Can the loan be struck off of your repayment obligations? Are you an eligible candidate? How does it impact the consumer proposal? Here’s all you need to know. Student […]
May 10, 2020 by Questions
Filing Bankruptcy & Student Loans One of the most common causes of debt, student loans are subject to a unique set of rules when it comes to bankruptcy. The first important thing to know is that you must have been out of school for at least seven years to file for bankruptcy – if you […]
May 6, 2020 by Questions
As it stands, around 41% of Canadians have debts of over $25,000 by the date of their graduations. In fact, national averages stand at $26,300, a figure thought to be behind as many as 1 in 6 current Canadian bankruptcies. The situation is so dire that experts are even going as far as to state […]
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