Bankruptcy and Proposal Info and Issues

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10 years has passed

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Category: Immediate Attention and Info!
Forum Name: Bankruptcy and Proposal Info and Issues
Forum Description: Get your questions answered about bankruptcy and proposals
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=3191
Printed Date: 26/March/2026 at 10:30pm
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Topic: 10 years has passed

Posted By: Konigo
Subject: 10 years has passed
Date Posted: 12/December/2005 at 5:39am

Hell ,

My 10 years limitations has passed 3 months ago. My student loan was not included in my bankcruptcy when I filled it 2001. Anybody know the procedure to ask the court to discharge my student loan ?

My original was 50.000 and I bring it down to 38000 now....but I am still having a hardship

I talked to my trustee, but he could not offer me a help ....

Please help me.... I am in Toronto

Thanks

Replies:

Posted By: countrygirl2094
Date Posted: 12/December/2005 at 8:12am

I called my trustee with this very question. He told me I would have to file bankruptcy all over again.

Posted By: BigFatherA
Date Posted: 12/December/2005 at 1:23pm

Of course - he gets another $1500 or so out of you, and if you can't prove hardship (i.e. you NEVER will be able to repay sometime between now and the second coming) your student loan may not be discharged even after 10 years (now 7?).

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BigFatherA
Priest & Teacher
non carborundum illegitemi est

Posted By: SolveStudentDebt
Date Posted: 12/December/2005 at 3:16pm

Face it folks. The bankruptcy trustee(s) is in it for the cash - and nothing but. Otherwise, they would do something to really help you out. They preachthat they are there to help you. But if you ask for help that makes them work, or could somehow expose their ineffectiveness, this is what you get.

Johnny

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com

Posted By: Staretz
Date Posted: 04/February/2006 at 7:05am

there is at least supposed to be a procedure wherebyyou can apply to have your student loans included in your banklruptcy once the 10 year limit has passed. whether this is still true I dont know. What will happen if and when the C-55 changes come into effect is sheer speculation. at least in terms of people who went under prior to its passing who did not have their student loans included in their bankrutpcies and havent reached the 10-year moratorium yet.

disclaimer: No claims of experties are expressed or implied in the making of this post.