Student Loans and Bankruptcy Act – An order of discharge

An order of discharge under the BIA releases the debtor from all provable claims of the creditors on payment of creditors. Discharge orders are passed by the Superior Court in Ontario. Discharge orders are either automatic or conditional. The BIA stipulates that any debt or obligation relating to a student loan will not be released […]

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Student Loans and Bankruptcy and Insolvency Act

Persons declaring Bankruptcy are governed under the Bankruptcy and Insolvency Act, RSC 1985 (“BIA”). The purpose of BIA is to provide a fresh start to honest debtors by discharging their liabilities, pre-existing their respective Bankruptcy. However, the BIA also prevents individuals from taking advantage of the Bankruptcy system by absolving themselves of an obligation or […]

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Student Loan Debt and Bankruptcy – View of the courts

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 […]

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Discharging Taxes in Bankruptcy – www.andrewgriffinlawoffice.com San Diego Attorney

Hello, my name is Andrew H Griffin the third I’m a California bankruptcy attorney with over 35 years of experience Everyone knows that you can’t discharge income taxes in bankruptcy, right? No, not right at all. This misconception about bankruptcy law illustrates. Just what you shouldn’t substitute gossip for advice of a good lawyer especially […]

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