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| Author: |
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Stacie |
| Date: |
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November 7, 2004 |
| Question: |
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Is bankrupcy ever allowed on student loans. I have been out of
school now since April of 1995 and they have turned my loans over to a
collection agency.
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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November 8, 2004 |
| Answer: |
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If you have been out of school for 10 years, your student loan debt is
dischargable. If it is less than 10 years than you are able to apply to
the court after the 10 years has passed and the court will look at your
circumstances and can discharge the debt at that time.
Shane Brenneis
phone: (403) 296-2975
sbrenneis@alger.ca
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