http://www.student-loan-bankruptcy.ca/2008/02/senate-committee-testimony-on-student-loans-and-bankruptcy.htm The online resource for Canadian Student Loan Bankruptcy Legislation. Tue, 12 Feb 2008 04:56:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.student-loan-bankruptcy.ca/2008/02/senate-committee-testimony-on-student-loans-and-bankruptcy.htm/comment-page-1#comment-79 Anonymous Tue, 12 Feb 2008 04:56:00 +0000 http://www.student-loan-bankruptcy.ca/?p=36#comment-79 Thanks for the effort.<br/>I think another important component of the current situation is that if a person were to return to school 9.9 years after the date of their last credit course, their 10 year clock would start all over again (even if they didn't use a student loan to take that single credit course). Due to a a series of unfortunate, unexpected, and unpreventable events that occurred within two years of my leaving school(medical and accidental) I was shocked to find myself even considering bankruptcy... But pragmatically I must. Now, 6 years latter, realize I will have to declare bankruptcy (I have been counseled by professionals as such as well). Now the rub is, that I have had the opportunity to take a course or two, with my employer paying for it. But it would get me a credit, and it would have to be in my name, so I had to decline. I cannot have that ten year clock start over again.<br/>This ten year rule has been devastating to my life. I will never fully recover from the stress and I can imagine it has fruitlessly caused immense hardship on so many who otherwise would have been able to recover and look to becoming productive citizens again. Thanks for the effort.
I think another important component of the current situation is that if a person were to return to school 9.9 years after the date of their last credit course, their 10 year clock would start all over again (even if they didn’t use a student loan to take that single credit course). Due to a a series of unfortunate, unexpected, and unpreventable events that occurred within two years of my leaving school(medical and accidental) I was shocked to find myself even considering bankruptcy… But pragmatically I must. Now, 6 years latter, realize I will have to declare bankruptcy (I have been counseled by professionals as such as well). Now the rub is, that I have had the opportunity to take a course or two, with my employer paying for it. But it would get me a credit, and it would have to be in my name, so I had to decline. I cannot have that ten year clock start over again.
This ten year rule has been devastating to my life. I will never fully recover from the stress and I can imagine it has fruitlessly caused immense hardship on so many who otherwise would have been able to recover and look to becoming productive citizens again.

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