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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Forum LockedHow to apply to court after 10 years
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Toronto41 View Drop Down
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    Posted: 28/February/2004 at 6:29pm
I was discharged from Bankruptcy in July 2002. In two months (May 04) I will have been out of school for 10 years.

Can someone please tell me how I apply to the court for a hearing to request that my student loan be included in my previous bankruptcy.

After my discharge, the Ontario government sent my outstanding OSL to a collection agency. The government didn't wait until my trustee was discharged. Due to the horrible harrassing phone calls, I borrowed money from my family to pay off my OSL which is far less than my CSL.

Since I paid off my OSL and not my CSL, will this be seen as favouring one creditor so that my CSL will not be erased?

I have not found one person on this site who successfully applied to the court to have his or her student loan added to the bankruptcy upon being out of school 10 years. Is there anyone out there who has been successful in this regard?

I'm nervous because I haven't heard a peep out of the CSL people since my discharge. I am forseeing disaster unless I can have this loan wiped out.

I would like to sincerely thank Mark O'Meara for this site. May happiness be with you always.

Thanks for listening!!
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SolveStudentDebt View Drop Down
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Points: 5996 		Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 29/February/2004 at 6:45am

 

 If the limitation period expires and you qualify to apply to have your loans discharged as a "prior bankrupt", then you would a) contact the administrator that you originally filed with, or; b) contact the superintendant of bankruptcy in Ottawa for counsel on how to push this motion through.

 The decision rests with the ccourts, you see. It really depends on your current financial situation, and previous conditions relating to your bankruptcy. Anyone can apply to have the student loan(s) discharged once they have reached the end of their limitation period. The decision rests with the courts. They may discharge you given the circumstance,s or they may grant a conditional discharge. YOu won;t know until you apply.

Unfortunately, I cannto give you any case history relevent to any individuals having success because I have yet to see one. I am sure that there are cases out there though.

 Johnny

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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hunter View Drop Down
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Points: 640 		Post Options Post Options   Thanks (0) Thanks(0)   Quote hunter Quote  Post ReplyReply Direct Link To This Post Posted: 09/March/2004 at 6:52am
My trustee tells me that this can not be done, she has not even heard of it, even tho I gave her the info from the bankruptcy act, and still she says this can not be done.

She stands by her statement "You will have to file bankrupcy again after the ten year mark".

Some trustees out there are so dumb.
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SolveStudentDebt View Drop Down
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Points: 5996 		Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 09/March/2004 at 8:02am

 

 It is written in the act, so therefore it can be done. Unless of course the act is a fiction novel.

 I think your bankruptcy administrator is trying to earn some money here by telling you these things. I dunno.

 Johnny

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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Toronto41 View Drop Down
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Points: 2 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Toronto41 Quote  Post ReplyReply Direct Link To This Post Posted: 13/March/2004 at 3:45am
Thank you Johnny and Hunter for your replies.

I failed to mention in my first post that I did contact the office of the Superintendent of Bankruptcy and the person I spoke to was of no help.

He said that I need a lawyer or to go back to my trustee. He had no other information to tell me, and he said that this is a "new development". He seemed to know nothing, and he was quite rude to me.

When my 10 years are up in May/04, I'll call my trustee. If I find out anything useful, I'll post the info. on this site. In the meantime, if anyone on here knows of anyone who went to court after a bankruptcy and 10 years of study, and was successful in having the loan forgiven, I would LOVE to hear from you.

Thanks.
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SolveStudentDebt View Drop Down
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Points: 5996 		Post Options Post Options   Thanks (0) Thanks(0)   Quote SolveStudentDebt Quote  Post ReplyReply Direct Link To This Post Posted: 13/March/2004 at 7:42am

 

 The bankruptcy administrator would be abe to tell you what you have to do. The Superintendant of bankruptcy should have been able to answer your questions also, but it seems as thought hey just played you off in a sense. If they claimed that this is a "New Development", I have to question the expertise of that particual individual representing the bankruptcy administration.

The sperintendant of bankruptcy's office is the sector that governs all bankruptcy firms. If they tellyou to contact your trustee and they can help you, then they should also be able to as well because they are the head of the household, so to speak.

Johnny

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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2Laural View Drop Down
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Points: 42 		Post Options Post Options   Thanks (0) Thanks(0)   Quote 2Laural Quote  Post ReplyReply Direct Link To This Post Posted: 13/March/2004 at 11:05am
You may also want to contact the Court - bankruptcy counter to obtain the information. They should be able to tell you info.

L
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hunter View Drop Down
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Points: 640 		Post Options Post Options   Thanks (0) Thanks(0)   Quote hunter Quote  Post ReplyReply Direct Link To This Post Posted: 17/March/2004 at 5:29am
I contacted the Superintendent of Bankruptcy and they sent me a form letter of someone who had already done this in court. So it was something to follow.

They also want to know what courses that you took and whether or not you were successful in passing them.
And keep documentation to explain why you were not financially able to pay the loan, like pay stubs, and a budget of where your money went.

You can contact them and ask them for an example of a case. This is what I requested.

I am told that the cost is $ 10.00 for the filing fee, you do not have to pay a trustee or lawyer for the service, but you have to notify the trustee as well as the collection agencies that you are doing this.

You can pretty much do up the paperwork yourself, give enough notice, these hearings are held every week.

Then you have to show up in court, I am not sure if the collectors have to be there, but I am sure that they would want to contest it.

The woman told me in most cases if you can substantiate financial hardship then the loan will be wiped out 100%, if they think that there is no way that you can ever pay it.

But say for example if you graduated and your earnings are expected to get better in the future, then you may be required to pay 50%.

Hope this helps.
I too got the run around asking questions, until I got hostile with them.
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hunter View Drop Down
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Points: 640 		Post Options Post Options   Thanks (0) Thanks(0)   Quote hunter Quote  Post ReplyReply Direct Link To This Post Posted: 18/March/2004 at 10:44am
Just an update:

I just received a telephone call from the same people, and they tell me that if you have successfully graduated and received a degree, your chances of having your loans discharged even after the ten year mark is very slim.

So at least there is hope for me.
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