This website is a testimony to the problems Canadian Student Loan borrowers experienced from approximately 1996 to 2008 and until their loans were paid off.

The privatization of the Student Loans system by the Chretien and Martin Liberal governments broke the system and defaulted thousands of borrowers who were trying to pay their loans. There were even stories of suicide due to the harassment of borrowers.

Read the report that I prepared back in 2007 here. Canada Student Loans-The Need for Change Fortunately the new Conservative government at the time revamped the program and fixed the system for new borrowers, but borrowers under the previous program were left with ruined credit and continued harassment from debt collectors.

I call on the Canadian Government to apologize to the borrowers affected by this fiasco and make amends.

Unfortunately the Liberal government is again clobbering the Education system with their upcoming changes to International Student Visas. Yes, there's a problem, but instead of a well thought out plan, they have pulled the emergency brake on the train causing a derailment. This has introduced unprecedented instability for both private and public education institutions who serve both international and local students.

Universities can't plan. I've heard of courses being cut because the government has no process in place for universities to send the newly required acceptance letters to the government.

This means that students who have been accepted can not attend courses that start in the summer 2024 semester. With cut sections, current Canadian students will have trouble getting courses, and may have to switch to part-time which changes their enrollment status and might trigger repayment of their loans or ineligibility for funding. I've seen this before. It wreaks havoc on the student loan borrowers.

Again, the Liberal government has messed up the education environment. Will the new system needed in a rush for the acceptance letters be the new Arrivecan scandal?

I call on the government to implement a slower phased in approach and delay the requirement of the acceptance letters until a process is in place to submit these letters.


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justme2007 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote justme2007 Quote  Post ReplyReply Direct Link To This Post Topic: Bankruptcy limbo
    Posted: 10/March/2017 at 8:33am
Hi everyone!

I have been in bankruptcy since 2000 (that is not a typo).  Family emergencies interfered with my ability at the time to follow through on the duties required to be granted a discharge.  The stupid thing is that it was only a matter of 3 monthly statements and the final counselling session.  Nevertheless, my trustee was eventually discharged from my file and from all info I have found, I must personally apply for my discharge. I became very ill in 2004 (transplant ill) and every now and then, throughout my illness, I have tried to find appropriate help with filing for my discharge.  All I ever found were brick walls.  I have now decided to return to the original trustee for assistance with the discharge.  
My first question is this: At the time of my bankruptcy, my student loan was not included as I had only been out of school for a year (a year short of a B. Comm.), and I am now wondering what will happen with my loan when I am discharged.  From what I have been told it cannot retroactively be included in my bankruptcy, and I would have to declare a second bankruptcy to have it erased.   Does anyone know if this is the case?
My second question is: I have been reading about the government writing off many student loans.  My feeling is that my loan would probably fall under their criteria of not likely to be collected upon.  How would I find out if it was written off without starting the clock again?

Thanks for reading and any advice you may have would be greatly appreciated!
Sandra

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SolveStudentDebt View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2017 at 2:12am
If you file another bankruptcy then you are at the mercy of the court to decide whether or not you are discharged/ The crown can oppose and they usually do. However, it is the court that must decide based on opposition and evidence that would cause the debt to survive. 

If the loan is statute barred then you will reset the clock with a bankruptcy filing. 

The superintendent of bankruptcy in Ottawa can answer your questions about filing a motion to discharge under section 178.  Or, you can contact the bankruptcy court and they will advise you. If your prior bankruptcy is left with duties unfulfilled, I do not know the implications. This would be a question for the appropriate authority in bankruptcy as named above.  

If you want to benefit from a limitation issue then you have to be very careful in your approach to that. Limitations issues are cast on an individual basis, not a group - unless that group has the exact same set of circumstances.  

Your loan could be statute barred. However, they may be complications due to the bankruptcy proceedings, or other cause that suspended it. If it is barred then you need something from the department of justice (for federal) or provincial justice (for provincial loans) to support it. 

If you want to determine if a limitation is in place I can help you with that. It is not expensive by any means. 

Best! 
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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Post Options Post Options   Thanks (0) Thanks(0)   Quote justme2007 Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2017 at 5:15am
Hi Johnny,

If I have you check on the limitation issue is there a risk of waking a sleeping giant?  A giant that I am in no way able to slay at the moment.  If there is no risk then I would love to have you check into the situation for me.  Just let me know the steps (payment etc) I need to take.

Thanks,
Sandra
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 11/March/2017 at 5:43am
The way we do this - no not at all.  Can you go to our site and send me your contact information and I will lay it all out for you. I need to do an assessment which will take about 20 minutes or so. www.cfwgroup.ca and contact Us page. 

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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