2010-02-14
Some student loans do go away in a bankruptcy or proposal. If the bankruptcy or proposal starts more than 7 years after you ceased to be a student, the student loans are extinguished when you finish your bankruptcy or proposal. If Student Loans agrees, student loandebt that wouldn't normally go away can be forgiven in a proposal. However, any amounts you borrow after a bankruptcy or proposal starts have to be repaid. A bankruptcy or proposal only deals with debts that existed at the date you started the bankruptcy or proposal. They will not affect your obligation to repay amounts you borrow after the bankruptcy or proposal started. This applies to any type of debt you obtain after the start of the bankruptcy or proposal. If your question was about being able to get student loans during a bankruptcy or proposal, yes, this is possible, but it's important that you discuss it with your trustee and student loans before any funds are advanced. Judy Scott - Trustee Meyers Norris Penny Limited Port Moody - Burnaby, BC 604-949-2118 [email protected]
2025-11-17
November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.
2025-11-13
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-12
Bankruptcy Consumer Proposal
Summer fun doesn’t have to come with a hefty price tag.
