2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
Student Loans Obtained During A Bankruptcy Or Proposal
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]
Latest Blog Posts
2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
How to budget when you’re living paycheque to paycheque
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
