Can you include loan in old Bankruptcy

 Sahara,

 You better check to see if this ruling has been instituted re the reduction to 7 years.

 Once you have ceased to be a full or part-time student for the ten year period (or potential reduction to 7 years), you simply contact your bankruptcy administrator to motion a hearing for discharge. You don't have to go bankrupt all over again. That would be another waste of $1500.00 in the event that you are denied a discharge.

 Before you make an appeal, make sure that you can demonstrate financial hardship with extenuating circumstances, and that you cannot afford to pay anything toward your student loan.

 Caution: the first thing they examine is your reasoning behind your previous bankruptcy. You went bankrupt one year after you finished. They are going to eyeball that, indeed. Also, are you employed? Are you experiencing fianncial hardhsip that is preventing you from making payment toward your student loan?

 Need more information.

 Johnny

 www.cfwgroup.ca

When I claimed bankruptcy, I was working as a cashier, long story short, a bad relationship had me dupped for $7000 plus a $50 000 student loan. Collection agencies started calling me at work and I didn't know what to do. So I went to credit counselling. They told me, the couldn't help me, that they couldn't set up a payment plan, because I owed too much and I made to little. I felt what are you supposed to do when credit counselling can't help you. They told be about claiming bankruptcy, basically my only option and that when the 10 years were up I could then go back and add it to my bankruptcy. So I did. Since then I have been making payments on my student loans from $100 a week for awhile, while living with my parents and not having many bills.( which still wasn't good enough) according to the collector at the time.) to $35 a month. I have gone from min, wage jobs to $12 hour jobs. To a year of unemployment on Employment Insurance.

Recently, I got married two years ago. All of the assests are in my husbands name. I work for the Govn't of Ontario as a photocopy clerk for the past 2 years. I am just coming off a years materity leave. I have two children now. One from the previous relationship that I have full custody and he has given up rights to.

I am coming off a years materity leave to a surplus notice. And my debt has accumlated to aprox $60 000 now.

 Quote:

 " So I went to credit counselling. They told me, the couldn't help me, that they couldn't set up a payment plan, because I owed too much and I made to little. I felt what are you supposed to do when credit counselling can't help you. They told be about claiming bankruptcy, basically my only option and that when the 10 years were up I could then go back and add it to my bankruptcy."

 This is the sequence of events that leads to so many bad bankruptcy assignments.

 1) These non-profit credit counseling groups are supposed to be experts in the credit counseling field. There is only one problem - They do NOT counsel you. They put you on the plank and entice you to take a dip in their debt pool which is no different than a bankruptcy proceeding. When they detemrine they cannot make any money from you, they simply tell you to go bankrupt as an exit.

 When a financial or credit based counseling group tells you that they do not know what to tell you ,that is a real problem. They are supposed to be specialists in solving problems. Instead, they create even more by steering people down the wrong roads.

 Sahara, I really am sorry that this had to happen to you. This is not your fault. You were given the worng directions.

 The credit counseling group told you that you could go add it in to your bankruptcy after 10 years ..that is VERY dangerous advice to be giving sincew it is not true. One cannot just wait 10 years and have it included then. The courts and lenders have a say in the matter re oposition processes.

 I wish you the best of luck, sahara. If you ever do need help, I am here for ya.

 Johnny

 www.cfwgroup.ca

 Hi Sahara,

I have negotiated for people, indeed. Federal (CSL), Provincial, Class B (Judgment and legal proceedings re CSLP), fed/Prov. bank-risk, risk/shared, CSL2 (government Put-Pack), and so forth.

 I have worked for, and intervened for people regarding every type. That goes for consumer debt and crisis as well.

 Johnny

 www.cfwgroup.ca