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ZaphodBeeblebrox
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Joined: 26/March/2014
Location: montreal
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Topic: Quebec loans and bursaries limbo Posted: 26/March/2014 at 10:33am |
Hello, I graduated back in 2001, having taken my last loan out in 1999. I immediately went into default and the bank who issued the load (CIBC) transferred it to the Quebec financial aid department. Dealing with with them has been unpleasant, and my repayment history has been spotty at best. I haven't paid anything to them in over 2 years now as I cannot so I thought it best to simply avoid them as they are unwilling to be rational. I did go back to school in 2008, so I understand I reset that arbitrary clock for bankruptcy. Getting ANY information on Quebec loans is next to impossible and their website is unilingual French to further hinder my efforts. Question is, if they haven't done anything legally to me in in the 15 years since I last collected loans and my credit score has not been affected at all - have I unknowingly reached some kind of time limit where they cannot do anything other than annoy me? To be perfectly honest, I intend to never give them a cent again.
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ZaphodBeeblebrox
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Joined: 26/March/2014
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Posted: 08/April/2014 at 1:44am |
Nobody can help? I find the only site that looks promising and it turns out to be as useless as tits on a bull. Great.
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administrator
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Joined: 25/January/2003
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Posted: 08/April/2014 at 7:03am |
Sorry, there haven't been many posts on this site about quebec loans. Anyone who can respond?
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Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024
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Posted: 08/April/2014 at 7:04am |
Perhaps you can repost this in the Bankrupcty forum.... it might get more answers there... There are some cases reported that the clock is not reset if you did not go back to school using student loans.
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Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024
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Posted: 08/April/2014 at 7:10am |
Here's info on a post that may help....
This is an important case posted
here for your info.... I've copied form another subforum. Thanks to
LtClout for providing this link.
That is: The BIA refers to: "a loan" -- not "all loans" --
as noted by the Bankruptcy Registrar (judge) in the Hildebrand (Re), 2010
SKQB 321 case.
See: http://canlii.ca/en/sk/skqb/doc/2010/2010skqb321/2010skqb321.html
Also: The language of "ceased
to be a student" follows from the language of "a loan."
Logically, then, "ceased to be a student" is relative to the specific
loan that was issued.
This particular court ruling is the
best I've seen so far. It also cites a number of other relevant cases.
bankruptcy - Canada Student Loans - return to
school - ceased to be a student - ruling - judgment - judgement - debt -
discharge
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Administrator Mark OMeara Author of Let Go and Heal: Recovery from Emotional Pain https://LaughSingWrite.com - http://bit.ly/heal2024
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SolveStudentDebt
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Joined: 05/November/2003
Location: Canada
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Posted: 08/April/2014 at 7:30am |
A limitation period for a Quebec loan is different that those elsewher4e in Canada. It is actually 5 years providing no formal final demand notice was issued by the office of the finance minister, or acting authority to it. The limitation clock is then set for another 5 years, totaling 10. The Quebec government usually issues these documents out shortly before the expiry of the initial limitation period. If no document has been issued by them then the 5-year period applies. So, assuming a Quebec loan is barred at any point is rather dangerous, the same as assuming that of Federal loans.
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. solvestudentdebt.com
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SolveStudentDebt
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Posted: 08/April/2014 at 7:41am |
Zaph wrote:
"To be perfectly honest, I intend to never give them a cent again."
This is not the place to seek advice for that sort of nonsense any way.
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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting. solvestudentdebt.com
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