Bankruptcy Services of Collins Barrow Limited - for Calgary and Edmonton, Alberta

Author:		Rob
Date:		May 8, 2001
Question:		I was wondering if you would have student loan bankruptcy advice in the case where the student loan was used to obtain an asset (computer) through a learn at home program. The program was a complete misadvertisement and my name is inked to a student loan to cover it. What options do I have? I am currently investigating going bankrupt and the only advice I have received so far was to ask an MP for a clarification. Your advice is greatly appreciated.


From:		Ann Clarke, Collins Barrow Limited
Date:		May 9, 2001
Answer:		Unfortunately, unless the "schooling" was more than 10 years ago, bankruptcy does not discharge a student loan. In Alberta, only Credit Counselling Services of Alberta with their Orderly Payment of Debt program is able to help you with a student loan. Their number in Alberta is 1-888-294-0076. If you feel you were mislead by a creditor, you may want to contact Alberta Consumer and Corporate Affairs to make a complaint. Ann Clarke phone: (403) 296-2972 aclarke@moneyhelp.ca