2008-06-04
The most recent information indicates that the changes will take effect in the summer of 2008. The expected changes to the student loans rules are that the 10 year rule will be reduced to 7 years. That would mean that if you ended your studies more than 7 years before a bankruptcy or proposal, your student loans would be forgiven. Currently, it has to be 10 years before the date of bankruptcy or proposal. The text of the proposed changes is expected to be published in the June 7, 2008Canada Gazette - if you’re interested in taking a look. Judy Scott - Vancouver - Port Moody - Abbotsford - 604-949-2100 - 1-866-568-1335
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
