student loans

Posted on Monday, November 17, 2008

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I need information on student loans. I have now been out of school for about 8 years and need to know what to do to deal with these student loans. I cannot afford to pay them, and they have been haunting me for far to long.

Filed under: Student Loans and Consumer Proposals and Bankruptcy
 posted by Questions @ 8:16 pm
1 Expert Comment:

 At November 26, 2008 | 8:51 am , Barton Goth, Trustee in Bankruptcy Said...

On July 7, 2008 the rules for student loans changed. Under the old rules student loans could not be compromised by the filing of a bankruptcy or a proposal unless you had been out of school for 10 years. Under the new rules this has changed to 7 years. So you should contact a local trustee and discuss directly with them how the filing of a bankruptcy or a proposal can help you to deal with the student loans.

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