Student Loans in Bankruptcy Blog

Canada Student Loan Bankruptcy Legislation

Student loans in Canada are not automatically discharged in a bankruptcy or consumer proposal unless they are over 7 years old. This blog tracks changes to this legislation, and current student loan and bankruptcy developments.

The Great Debate: Private Member’s Bill Recieves Second Reading

Private member’s bill C-236 to shorten the length of time from the end of studies when a student loan is automatically discharged from 10 years to 2 years received second reading in the House of Commons today.

The Hansard summary of this debate is an excellent summary of the four political parties position on the topic. It appears that every party except the Liberals favours a change in the current legislation.

Stay tuned to this space for more information, as it happens.