Are you one of the many Canadians who incurred a large student loan debt just to get through university or college? Do you wonder how this could happen?
For the past few decades, education costs have risen much faster than the inflation rate. Enormous debts have forced governments to cut costs, including many grants for higher education. Universities and colleges were forced to raise fees, and students made up the difference by taking loans. If you are having trouble paying back your student loan, you are not alone. Consequently, most people who are contemplating bankruptcy due to such lingering past debts all suffer from the following conditions:
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Difficulty to make a living and get on with their lives - Inability to get credit
- Inability to get a car loan
- Can't afford to move out of parents' home
- Collection agency threats
- Garnished salaries
Under current Canadian law, a student loan debt can be discharged in a bankruptcy, under the condition that at least SEVEN years has passed since the individual ceased to be a student. Contact us now, to meet with a Druker and Associates trustee FOR A FREE INITIAL CONSULTATION WITH NO OBLIGATION. We will review your file and give you the proper advice!
