Can a student with a government student loan go through bankruptcy or get a consumer proposal?


For anyone who is in serious financial distress and is considering help, we recommend that you get in touch with a Licensed Insolvency Trustee for a free consultation. There is a difference between government student loans and loans through other sources.  Government student loans have special protection under the Canada’s consumer proposal/bankruptcy laws. Commonly, you cannot be released from this debt until after you have stopped being a student for seven years. If you decided to proceed with a consumer proposal or bankruptcy, you could still be responsible for repaying the government student loans at the end of the proposal or bankruptcy. In the event you that you have other unsecured debt, like credit cards or a line of credit, you may be able to get discharged and released from that debt through a consumer proposal.



If you are overwhelmed with a financial crisis, J.P. Graci & Associates Ltd can help! Call us now at 519-753-7361.



WHAT OUR CLIENTS SAY?

Thank you so much for everything you and your staff have done to help me through this difficult time in my life. Thank you to Patricia for her smile and pleasant greeting when I came in the front and ...

Lisa, Brantford May 28, 2017

JP Graci and Associates is a wonderful organization. All staff members that I spoke with were very professional and friendly. Everyone was very motivated to help me and they worked very hard to deal w...

Tony M December 11, 2017

It means so much that I had support and an ear and guidance when I needed it the most.

S.F. August 28, 2015

Thank you Paul and Norma for helping in a very difficult time in my life.

E.C. July 28, 2016

When I called JP Graci and Associates, I was completely devastated. I was living in financial chaos and I was barely able to make the ends meet. Desperate, I started to borrowing money from Payday loa...

George M November 6, 2017

I just wanted to express my own and my familys gratitude for everything you did to help us out

N.N. October 11, 2015

WE ARE ON SOCIAL MEDIA

SUBSCRIBE TO OUR NEWSLETTER

Get Important News, Information & Inside Scoops:

SUBSCRIBE NOW
Copyright © 2019 Copyright J.P. Graci & Associates Ltd. All Rights Reserved.
Sitemap - Privacy

Powered by: ConvexStudio.ca