April 14, 2005
Private Member’s Bill Defeated
The private member’s bill to amend the Bankruptcy & Insolvency Act to reduce the discharge period for student loans from 10 years to 2 years was defeated in the House of Commons today by a vote of 168 to 105.
As reported previously on this blog, it was unlikely that this bill would pass.
Former students must now wait for a more comprehensive review of bankruptcy legislation, which will likely not occur until a new government is in place.
Stay tuned to this space for further developments.
Categories: student loan debt in bankruptcy
