News, Announcements and Alerts - C-55 Proposal Impact on SL

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C-55 Proposal Impact on SL - NEW!

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Topic: C-55 Proposal Impact on SL - NEW!

Posted By: administrator
Subject: C-55 Proposal Impact on SL - NEW!
Date Posted: 24/November/2005 at 11:36pm

2.1) A proposal accepted by the creditors and approved by the court does not release the insolvent person from any particular debt or liability referred to in subsection 178(1) unless the proposal explicitly provides for the compromise of that debt or liability and the creditor in relation to that debt or liability has assented to the proposal

So, if you file a proposal and all the creditors agree, but the student loan creditor does not, you still owe the student loan!