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If you start a business, and get into trouble, no problem, you can go bankrupt or file a consumer proposal to get debt relief. Even tax debt goes away in a bankruptcy. But, if you have a government guaranteed student loan, the law says you must wait 7 years after you leave school to be able to automatically discharge student loan debt in a bankruptcy or consumer proposal.
That's both unfair and punitive, so on today's podcast we explain how the rule works, and give our suggestions for fixing this injustice.
By Doug Hoyes4.2
6666 ratings
If you start a business, and get into trouble, no problem, you can go bankrupt or file a consumer proposal to get debt relief. Even tax debt goes away in a bankruptcy. But, if you have a government guaranteed student loan, the law says you must wait 7 years after you leave school to be able to automatically discharge student loan debt in a bankruptcy or consumer proposal.
That's both unfair and punitive, so on today's podcast we explain how the rule works, and give our suggestions for fixing this injustice.

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