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Student |
| Date: |
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September 3, 2003 |
| Question: |
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I am an AB resident with a Canada student loan. I am thinking about claiming bankruptcy due to finacial hardships. My Canada Student Loan has now been sent to collections. Does this mean I am now able to include it in my debt(bankruptcy)? I have only been out of school for 5 yrs. And I know all about the 10 yr law. Just wondering if a student loan that has been sent to collections is now under a different status. Is the Student loan and now just condsidered debt?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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September 4, 2003 |
| Answer: |
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A student loan less than 10 years old survives a bankruptcy, regardless of whether it's a bank, collection agency or the government who is collecting for it.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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