Are you a student loan borrower who:
If so, and if you have not yet entered into loan repayment at the time of filing, you may be eligible for full-time student loans for up to three additional years in order to complete your current program of study.
You may also be eligible for repayment assistance on loans that were included in a bankruptcy-related event after May 11, 2004.
As of July 7, 2008, the waiting period to have a Canada Student Loan debt discharged in case of bankruptcy has been reduced from 10 to seven years and, should a person qualify for exceptional financial hardship, the waiting period will be reduced to five years.
To qualify for exceptional financial hardship, a person must demonstrate to the Court, that they have acted in good faith and that they will continue to experience financial difficulties. To find out more, they should contact their bankruptcy trustee.