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uphill_battle
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Joined: 05/September/2008
Location: Victoria
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Topic: adult highschool resetting 10 year rule? Posted: 05/September/2008 at 3:25pm |
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Hi, this is my first post on this site. Thank you so much for creating it and to everyone for contributing.
Over the past year I've been steadily re-entering the mainstream economic world from the grey economy. The next step is taking on my defaulted student loans. I was last in school in 2003, so that puts me at 5 years. I've been reading about this 10 year rule to clear a CSL with bankruptcy. Would this be reset by say an adult highschool math class? I'm pretty sure it would be reset by a college course, but I haven't seen anything about highschool.
Also, I've heard a number of times about a 7 year rule, where you can go before a judge and argue your case that your student loan is overly burdensome and ask for it to be reduced or even cleared. Not at all sure of the source, but one person told me about his friend going before a judge (no idea what kind) after 7 years and arguing his case. He made the point that Pierre Trudeau never payed his student loan, and that was enough for the judge and it was thrown out. Sounds wonderful, eh?
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I almost ran off to the woods!
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Angela
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Joined: 15/September/2008
Points: 22
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Posted: 15/September/2008 at 11:43am |
I went through bankruptcy in 2003. It was 2005 before it was discharged. At the time I went through debt counselling (part of the bankruptcy process) I was told that after I had been out of University for 10 years, I can apply to have my student loans set aside. I was told that all I have to do is contact my bankruptcy trustee to set this in motion. So... after my 10 years was up (this year in March) I called my bankruptcy trustee... she had no idea how to do it, thought I applied directly to the court to ask that my bankruptcy be put aside. Means no payments, ever, and the student loan wiped out... and because I am disabled now, I qualify. So I went down to the local courthouse, and asked for the forms to fill out to apply to the court to have my student loans put aside. Both federal and provincial. The courthouse reception knew nothing of this. Didn't even know which forms would need to be filled out. But, they said if I knew of someone who went through this just take in the copies of the forms they fillled out with their name blacked out, and they would file the same forms for me. I called my bankruptcy trustee back.... She didn't know of anyone who went through this, but sent me to the superintendant of bankruptcy to ask him. He was in court all day so left a message for a call back.... still waiting.... called another bankruptcy company and the lady didn't know what I was talking about but put me through to another lady... who was out... and I left another VM... and still waiting. Yet another lady told me that I have to talk to the student loan companies directly.... that it will take 1 or 2 years....
So.... the answer is yes, you can have the bankruptcy put aside if you qualify... as to the how of doing it, I am still in the process of finding out, and as I learn more, I will post it for you.
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Dance In The Sunshine
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SolveStudentDebt
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Joined: 05/November/2003
Location: Canada
Points: 5996
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Posted: 15/September/2008 at 2:03pm |
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I know how to get it done.
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. solvestudentdebt.com
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Angela
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Joined: 15/September/2008
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Posted: 15/September/2008 at 4:24pm |
Then please tell me the process, Johnny!!! This is so aggravating! Everybody is out, nobody knows how to do it, the courts haven't heard of it... Please post the information for me...
Thank you
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Dance In The Sunshine
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SolveStudentDebt
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Joined: 05/November/2003
Location: Canada
Points: 5996
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Posted: 16/September/2008 at 4:39am |
Demonstrate your hardship and make it stick. If you cannot do it yourself, I can help you do it. It is not something that can be posted on the internet. Different strokes for different folks. Each case is unique.
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. solvestudentdebt.com
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Angela
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Joined: 15/September/2008
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Posted: 16/September/2008 at 9:21am |
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So how do I demonstrate my hardship? And to who? That is the biggest issue.... Who???? Where and who do I go to? I can figure the rest out after that. I am pretty good at solving problems. But, when nobody can tell me the who, what, where and why but yet they know that it can be done, then I get frustrated. Who do I go to? Is it my trustee who should know? Is it the courts? Or is it some obscure little gov't office that nobody knows about? Please tell me the short of it.... email me if you like. Just ask for email addy...
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Dance In The Sunshine
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Angela
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Joined: 15/September/2008
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Posted: 16/September/2008 at 12:16pm |
I have just emailed Global news all across canada. I asked for their help in getting this topic... Student Loans and defaulted Student Loans... out to the election parties. If we can all do this, maybe getting it to the media will help???? We need the gov't to step in and make some value based decisions regarding this issue. There are more people in this position than any of us realize. A lot of them are underground. I was myself... until I finally filed my income tax return... 4 years late... Now they know where I live, but not my phone number as it is unlisted.
If we all do something, eventually the problem will get resolved to the point that it won't be as much a burden as it is now..... If everybody emails global and other news sources, surely somebody is going to take a look at this! I hope....
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Dance In The Sunshine
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SolveStudentDebt
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Joined: 05/November/2003
Location: Canada
Points: 5996
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Posted: 16/September/2008 at 2:52pm |
You got o who you owe and demonstrate your hardship. If they atempt to discourage you from doing so, then seek help. That is one of the functions of The CFW Group.
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. solvestudentdebt.com
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Angela
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Posted: 17/September/2008 at 8:44am |
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Ok... so you are saying that I have to call the student loans programs both prov and fed and beg them???? Darn... was hoping to never be in contact with those... things.... again.... was hoping that a judge could take care of it... an impartiality and anonymous type being.... Well, if wishes came real, I would be able to fly.... sigh.
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Dance In The Sunshine
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