Obtaining a post-secondary education is considered
a long term asset as it will continue to generate income. The integrity of the Bankruptcy and
Insolvency system would be undermined if the debtor were to retain the entire benefit of
the asset without the creditors having a share. This was held in a decision of the
Court of Queens Bench of Alberta Re Dolgetta at para. 45 (2008 ABQB 556 Canlii). This
view is usually followed in cases where the debtor evades repaying the student loan, despite having
received employment as a result of the education.