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Student Loans – Special Debt

If you have Student Loans and are contemplating filing a Division I / Consumer Proposal or Personal Bankruptcy, you may not be able to include them as part of the unsecured debt you are seeking release from. There are specific legal guidelines covering Student Loans, which may exclude them from discharge or release.


Student Debt Help

It is recommended that you discuss your Student Loan special debt situation with a Bankruptcy Trustee to see exactly what your options are. Serving the Greater Toronto Area since 1997 – the Certified and Licensed Professionals at David Sklar & Associates will be able to help you identify, and act on your choices. Call us at 416-498-9200 to book your free consultation – we can help.

In general, your Student Loans will only be considered for release in Personal Bankruptcy if it has been seven or more years since you ceased to be a student (full or part time).

Depending on your financial situation and type of Student Loan, the governments of Canada and Ontario offer a number of plans for re-payment assistance. These plans can include interest relief, payment deferral, and debt reduction. Be sure to check out these programs at:

Explore Your Debt Relief Options

If your debts are out of control – and you want a free, professional assessment of your current financial situation – call David Sklar & Associates at 416-498-9200 or get started with our Quick Assessment Form to book your Free Consultation. We can help you to discover your best options for getting out of debt and getting on with your life. With six convenient offices in the Greater Toronto Area – we are here to help.


We Can Help

If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.

Call Us Today For a Confidential & Free Initial Consultation Call 416-498-9200

or Get Started with Our Quick Assessment Form Today

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