In Financial Crisis

New Series on Student Loan Bankruptcy

In so deep that you wonder if you can declare bankruptcy on your student loans?

For years, the Debt 101 site has had resources on student loan bankruptcy. But for the first time, we've added a Q & A interview to discuss the rules in detail.

In fact, so much ground got covered when we spoke with well-known bankruptcy trustee Douglas Hoyes, that we decided to create two separate Q & As.

Q & A: Student Loans and Bankruptcy (Complex Cases)

by Jeannine Mitchell

For this Q + A, Debt 101 Publisher Jeannine Mitchell consulted Douglas Hoyes, an Ontario-based bankruptcy trustee known for his interest in student loan bankruptcy policies.

Douglas Hoyes (BA, CA, CIRP, CBV,Trustee) is co-founder, Hoyes, Michalos & Associates Inc.

Learn More

New Student Loan Bankruptcy Rules Shorten the Wait

Student Loan Bankruptcy Regulations in Canada

Bankruptcy: The Real Seven Year Rule

Student Loan Bankruptcy - Is it all about Timing?

Debt 101’s Useful Links – Bankruptcy Information.

Bankruptcy and Insolvency Act

Student Loan Bankruptcy -- Is is all About Timing?

Some people think you can’t discharge Canadian student loans with bankruptcy anymore.

Wrong – if you’ve been out of school for a certain time period.

Kelly Student Loan Bankruptcy Case

2000 CarswellOnt 4170
20 C.B.R. (4th) 251

Kelly, Re

In the Matter of the Bankruptcy of Kimberley Kelly of the City of Toronto, in the Province of Ontario
Ontario Superior Court of Justice (In Bankruptcy and Insolvency)

Deputy Registrar Sproat

Heard: September 22, 2000
Judgment: November 6, 2000
Docket: 31-338171

Student Loan Bankruptcy - We Ask an Expert!

Want to declare bankruptcy on your student loans?

It's not easy and for most people, it's probably not the right route. But yes, it can be done.

We walk you through Canada's student loan bankruptcy rules in Debt 101's new Q & A on Student Loan Bankruptcy (Basic). In this new feature, well-known bankruptcy trustee Douglas Hoyes explains the law, then looks at real-life cases.

Q & A: Student Loan Bankruptcy (Basic)

by Jeannine Mitchell

For this Q & A, Debt 101 Publisher Jeannine Mitchell consulted Douglas Hoyes, an Ontario-based bankruptcy trustee known for his interest in student loan bankruptcy policies. Relevant legal transcripts supplied by Mr. Hoyes are attached.

Learn More

Bankruptcy: The Real Seven Year Rule Student Loan Bankruptcy - Is it all about Timing?

A guide to financial planning for college and helping parents save money

jasonholmes - Fri, 08/12/2011 - 14:24

Jason provided an article but has since requested it removed. Cheers, Jason.

Upside Down Car Loan - Need Help

diane.jsmith - Thu, 01/20/2011 - 18:15

I have a 9% interest on Nissan Quest currently valued between $6,000-8,000. The balance on my loan is $20,000 on a 60-mo loan. I pay $500/mo. Credit scores are 586, 607, 622. I've been paying since March 2006. I would like to get out of this loan asap b/c I'm spending a little under $25 of my net income just on the note. Here are my options as I see them: 1. Keep the car for the remainder of the loan. 2. Shop the car around for the best trade-in value and seriously downgrade to get my payments for managable.

Can I Get Student Loan Forgiveness?

Here is a second in our 'people's question' series in the blog.

Question:

Who do I contact to arrange for student loan forgiveness?

My loan is 10 + years old; not accredited (can be forgiven through the regular
channels; and in default. Single parent with [number of children deleted] on an [office-worker’s] salary.

Bankruptcy Didn’t Do It the First Time – Can I Try Again?

Bankruptcy is the first topic for our 'Private Questions Go Public' series. And if you want more on this topic, read our new Student Loan Bankruptcy Q + A (Basic)