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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(lone violin plays) Main menu: For balance, payments, and billing inquiries, press one. [touch tone beep] Payment menu: To check your account balance, press one. To pay your bill, press two. I need to talk to a person. A living, breathing human being! Fifteen thousand emails wasn’t enough? Do you think a pink letter would […]

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