Effect Of Bankruptcy On Student Loan Funding

Yes, you can do a bankruptcy if you have a student loan. However, if you are still expecting to receive more money from Student Loans during the time you will be in bankruptcy (usually a 9 month period), there can sometimes be difficulties in getting these amounts from Student Loans during the bankruptcy - they may have concerns that the funds will be seized in the bankruptcy and they may not advance any more money to you until you are discharged from the bankruptcy. Depending on your financial circumstances, you could consider doing aConsumer Proposalinstead of a bankruptcy. Student Loans may be more comfortable continuing your loan advances during a Proposal. Judy Scott Meyers Norris Penny Vancouver - Port Moody - Abbotsford, British Columbia 604-949-2113