Student loans have special treatment in a bankruptcy or consumer proposal. We explain the 7-year rule, what it means for your student loan to be discharged and review a case file from one of our clients.
Did you know there are rules in place when it comes to the way student loans are treated in an insolvency? Find out the rules to ensure your student debt is discharged or released in a consumer proposal.
Everyone envies teachers the amount of time off they have each year, their strong benefit and pension plan and higher than average salary. With the average secondary school teacher in Ontario making around $51,000 a... Read more »
The cost of post-secondary education has been steadily increasing in Canada, leaving many graduates with student debt that is becoming much more difficult to pay back. Today’s students face ever growing tuition fees, additional compulsory... Read more »
You’re out of school, found a job, and now it’s time to pay off your student loans. In Canada student debt can take two possible forms: a government guaranteed student loan and private student loan like... Read more »
It is not uncommon for someone who has filed a consumer proposal or bankruptcy to wish to return to school to complete their studies or retrain. If you’ve filed an insolvency proceeding, whether a bankruptcy... Read more »
Attending college or university is expensive, and if you have to borrow more than you can repay it may not be worth it. Statistics Canada released a study showing that undergraduate tuition continues to rise. Average... Read more »
The concept behind student loans is that everybody is supposed to win. Student loans are an investment by the government in you. They lend you money so that you can further your education. You further... Read more »