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Repayment assistance after bankrupcty

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    Posted: 16/November/2018 at 10:53am
I filled for bankruptcy just after finished studying in 2015. I knew the student loan is not dischargeable at that time, but my intention was to find a job and start paying it. The student loan was in good standing at that time. I filled for bankruptcy for several reasons:
  - credit score was already damaged because many years of credit card debt in collection.
  - to get rid of collection letters for this credit card debt. Dealing with collectors wasted much of my time, make feel depressed and unproductive.
  - I was stuck in survival jobs for years, and I knew student loan payments will start soon and I'll not be able to make in the same time payments to this credit card debt.

I didn't know at the moment, and I was not told that :
- I'll lose all the Tax Tuition Education Amounts from CRA, which I believe is not fair, because this credits were related with tuition I paid over the years, and the student loan survived bankruptcy, so why they did erase my tuition credits? I used to receive a good return every year, now I receive almost nothing.
- I will not be eligible for the repayment assistance plan. After the bankruptcy, the student loan was paid in full to the bank and it is now in collection at Collection Department at AFE. They told me, once the loan arrived at them, I am no longer eligible for the Deferred Payment Plan they offer for those with low income.

In meantime, I was not able to find any related job, I am still stuck in survival jobs, I didn't have any full time job in many years, no experience on the labor market and no chance to go back to school. I do make payments at this time to the student loan, but because my income was always under $25.000, I negotiated small payments. Since I didn't have work every month, I missed the payments already a couple of times, so I assume my credit score is still in bad state. In fact, most part or my payments go to interest and very little goes to the principal.

Is there any repayment assistance plan available to make zero payments as long as my income is low ?
It is possible to include the student loan in a former bankruptcy ? I new about the 5-years option to present my case in front of a court, but I heard is quite expensive and not very simple.
It is possible to cancel de bankruptcy and fill again when the 7 years mark ? How realistically it is a second bankruptcy ?

Thanks for any answers and suggestions.



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