This website is a testimony to the problems Canadian Student Loan borrowers experienced from approximately 1996 to 2008 and until their loans were paid off.

The privatization of the Student Loans system by the Chretien and Martin Liberal governments broke the system and defaulted thousands of borrowers who were trying to pay their loans. There were even stories of suicide due to the harassment of borrowers.

Read the report that I prepared back in 2007 here. Canada Student Loans-The Need for Change Fortunately the new Conservative government at the time revamped the program and fixed the system for new borrowers, but borrowers under the previous program were left with ruined credit and continued harassment from debt collectors.

I call on the Canadian Government to apologize to the borrowers affected by this fiasco and make amends.

Unfortunately the Liberal government is again clobbering the Education system with their changes to International Student Visas. Yes, there's a problem, but instead of a well thought out plan, they have pulled the emergency brake on the train causing a derailment. This has introduced unprecedented instability for both private and public education institutions who serve both international and local students.

Universities have been forced to cancel programs and layoff hundreds if not thousands of full-time and contract instructors.

Again, the Liberal government has messed up the education environment.


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Forum LockedHow to choose a trustee?

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    Posted: 21/July/2010 at 12:29pm
Hi:

  I've heard so many stories about trustees trying to push for consumer proposal. I'm in the process of choosing a bankruptcy trustee that works with integrity and works for the best interests of their clients. It's so hard to choose nowadays with conflicts of interests, ... etc.

  Please help with your experience and / or recommendations. I reside in T.O. area in Ontario.

Thx,
Jc
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 22/July/2010 at 12:47am
It's a saturated market. They are all in it for themselves. You should contact a credit counselling organization. They have very unique relationships with bankruptcy firms. They make recommendations.
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fed-Up Quote  Post ReplyReply Direct Link To This Post Posted: 22/July/2010 at 1:50am
I took the bankruptcy route. My accountant recommended a trustee, whom I emailed my situation to. When I met with an associate they said my only option (and to save me more grief and money in the long run) was to go the bankruptcy route.
 
I'm not too sure why they are pushing more for a consumer proposal in most instances. I suppose it depends on ones situation and whether they have anything to put collateral against.
 
Um... If you would like the name of the trustee I am with, I could give it to you. They are in Toronto. I just don't know how to through this site privately.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 22/July/2010 at 3:10am
Consumer proposals are more lucrative for the bankruptcy group. Seriously. Their profits are much greater. How much did you actually dump into the consumer proposal?
 
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fed-Up Quote  Post ReplyReply Direct Link To This Post Posted: 22/July/2010 at 4:14am
Originally posted by Johnny Johnny wrote:

Consumer proposals are more lucrative for the bankruptcy group. Seriously. Their profits are much greater. How much did you actually dump into the consumer proposal?
 
I didn't dump anything into a consumer proposal. I filed for bankruptcy.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jcvd Quote  Post ReplyReply Direct Link To This Post Posted: 26/July/2010 at 10:57am
Originally posted by Fed-Up Fed-Up wrote:

I took the bankruptcy route. My accountant recommended a trustee, whom I emailed my situation to. When I met with an associate they said my only option (and to save me more grief and money in the long run) was to go the bankruptcy route.
 
I'm not too sure why they are pushing more for a consumer proposal in most instances. I suppose it depends on ones situation and whether they have anything to put collateral against.
 
Um... If you would like the name of the trustee I am with, I could give it to you. They are in Toronto. I just don't know how to through this site privately.
I would greatly appreciate it if you could email me the trustee info. my email is jcvdxxx@****
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fed-Up Quote  Post ReplyReply Direct Link To This Post Posted: 27/July/2010 at 1:45am
So.... Johnny, how do I inform jcvd of the trustee I am with, without posting it for all to see? Is there any way you or Mark could pass each of us our emails privately? Or would we need to converse through you?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 27/July/2010 at 2:52am
You would have to contact  Mark and ask him to do that.
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote administrator Quote  Post ReplyReply Direct Link To This Post Posted: 27/July/2010 at 12:20pm
John does not have access to Canadastudentdebt members info i.e. emails etc.  Only I have that as site admin and that info is not given out to anyone without explicit permission.

If both of you contact me at webmaster@canadastudentdebt.ca  I can pass on the info.   There is no communication feature cause collectors often disguise themselves as members and end up harassing members.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 29/July/2010 at 12:39am

The yellow pages advertise an abundant supply of bankruptcy trustees. All bankruptcy trustees perform the same service. Bankruptcy is not something that has any uniquness to it. It is performed by thousands across Canada all in the same manner.

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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fed-Up Quote  Post ReplyReply Direct Link To This Post Posted: 29/July/2010 at 3:59am
Mark,
 
I emailed you the other day as well as responded to your e-mail requesting the info. I hope you recieved it.
 
 
Johnny,
 
You are right in that all bankruptcy trustee's perform the same service. People skills aren't always at the top of their lists. The trustee I am with has been very kind and sympathetic and takes the time to answer my questions. I have done and continue to do my research regarding my situation and I constantly ask reassurance from them about my situation regarding all the "what-if's" and they take the time to let me know what happens during a "what-if" and how we would overcome it together, looking at what their stance is on behalf of the creditor and Federal Government.
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