Will my bankruptcy eliminate student loan debt?

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Will my bankruptcy eliminate student loan debt?

Category: BANKRUPTCY FAQ

If your date of bankruptcy is within seven (7) years of when you ceased to be a full or part-time student, your student loan debt will not be discharged by your bankruptcy. However, in certain specific cases, you may be able to make an application to the court for a discharge of your student loan debts under the “hardship provision.”

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Posted by Brandon Smith
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By Brandon Smith

Brandon Smith is a licensed insolvency trustee and Senior Vice-President of Ira Smith Trustee & Receiver Inc. The firm deals with both individuals and companies facing financial challenges in restructuring, consumer proposals, proposals, receivership and bankruptcy.

They are known for not only their skills in dealing with practical solutions for individuals and companies facing financial challenges, but also for producing results for their clients with realistic choices for practical decision-making. The stress is removed and their clients feel back in control. They do get through their financial challenges and are able to start over, gaining back their former quality of life.

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