I took out a student line of credit for my studies. Now it's been converted into a personal loan… Since I can no longer meet all my financial obligations, can I declare bankruptcy on this loan even though it was for my studies? I also have a loan from the government, but I know I can't do anything about that one…
If your line of credit appears to be a standard loan, then it is eligible for release.
For a more in-depth analysis, please consult a trustee.
For a more in-depth analysis, please consult a trustee.
Questions reliées
- Can I declare bankruptcy if I've received a wage garnishment from the Loans and Bursaries program? I tried to reach an agreement with them to reduce the amount, but the garnished amount is far too high for me.
- How do I declare bankruptcy in order to get out of a 10-year student loan?
- I am supposed to inherit a sum of money. However, I owe money to the Quebec Ministry of Education for student services. Will the amount I receive be reduced by my student debt?
- I declared bankruptcy in October 2019. I want to return to school and will need loans and bursaries. Will my bankruptcy cause me problems obtaining them?
- I have a debt from my studies in Quebec, which I completed almost 10 years ago. I have used all my deferred repayment options (60 months). The last request was made two years ago. I haven't been able to start making payments due to financial difficulties. I had permanent resident status from 2010 to 2014. I have been living abroad since 2014 and have therefore lost my permanent residency (I have been absent for over five years). I started a study program in Quebec last year with international student status. I am currently studying remotely due to the pandemic, but I should be arriving in Quebec soon. Could my situation cause problems with immigration services upon my arrival? Is there any way to reduce my debt? Who should I contact to renegotiate my file?