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should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please

 
Anonymous Coward
User ID: 31319365
Canada
01/04/2013 12:45 AM
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should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
pros / cons?

please advice.
Anonymous Coward
User ID: 30814020
United States
01/04/2013 12:46 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
15k is nothing
Anonymous Coward
User ID: 31451023
United States
01/04/2013 12:47 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
Do like Obama and double down on your debt.
Enia

User ID: 17418121
Ireland
01/04/2013 12:48 AM

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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
15k is nothing
 Quoting: Anonymous Coward 30814020


^this^ bit a style mate......wait til the €250k mark at least.
Anonymous Coward (OP)
User ID: 31319365
Canada
01/04/2013 12:52 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
i just found this

"Canada Student Loan Bankruptcy Legislation

Student loans in Canada are not automatically discharged in a bankruptcy or consumer proposal unless they are over 7 years old. This blog tracks changes to this legislation, and current student loan and bankruptcy developments."

[link to student-loan-bankruptcy.ca]

its been just over 7 years since i dropped out of college

so should i do it?
Anonymous Coward
User ID: 26372742
Canada
01/04/2013 12:53 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
just don't pay. let it go to collection agencies, or whatever.
beside i don't think you can declare bankruptcy until 10 years after you graduate....at least that is what they told me!
Anonymous Coward
User ID: 1139115
Canada
01/04/2013 01:02 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
pros / cons?

please advice.
 Quoting: Anonymous Coward 31319365


no--the very reason we have this push and acceptance of fascist , socialist , secular agenda is because of this laziness/how do i get something for nothing.

be honest--that is what our free enterprise system is based on and the only way it will work.

don't add to the selfish me, me, me BS thats in society now

sling mud on lawns--cut grass, paint a fence
there is no excuse.


---
Anonymous Coward (OP)
User ID: 31319365
Canada
01/04/2013 01:04 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
just don't pay. let it go to collection agencies, or whatever.
beside i don't think you can declare bankruptcy until 10 years after you graduate....at least that is what they told me!
 Quoting: Anonymous Coward 26372742


good advice
Anonymous Coward (OP)
User ID: 31319365
Canada
01/04/2013 01:04 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
pros / cons?

please advice.
 Quoting: Anonymous Coward 31319365


no--the very reason we have this push and acceptance of fascist , socialist , secular agenda is because of this laziness/how do i get something for nothing.

be honest--that is what our free enterprise system is based on and the only way it will work.

don't add to the selfish me, me, me BS thats in society now

sling mud on lawns--cut grass, paint a fence
there is no excuse.


---
 Quoting: Anonymous Coward 1139115


bad advice, the bankers didnt print any money to lend me, they just put numbers on a screen, it's a scam
MHz

User ID: 25505891
Canada
01/04/2013 01:07 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
Going to a Trustee can maybe get the loan down to just the bare amount and stop anymore interest charges. They aren't going to hound you until you do get a good paying job (I would imagine)
Anonymous Coward
User ID: 31464443
Canada
01/04/2013 01:08 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
Why are you so quick to thinking you need to declare bankruptcy all of a sudden; most annual university bills would be about 15,000 dollars with all associated costs, its like considering bankruptcy the second you are loaned the money!
Anonymous Coward
User ID: 31335488
Australia
01/04/2013 01:13 AM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
According to this threads topic; Thread: Obama spending $25,000/week for their vacation rental
I don't see why not.
There was probably nothing of real value anyway other than the learning that what some see as having value, does not at all mean it has any relevant value to you.
Write it off, change your name to Harry, start walking, don't eat dead animals, don't steal [if it is not yours or given freely to you, you do not need it], study the breath, beware of snares, good luck.

Unsure if student loans are considered government loans or not. If they are, bankruptcy will not help you.
Anonymous Coward
User ID: 33130922
Canada
01/31/2013 04:03 PM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
Roughly it works like this...

Declaring bankruptcy is the equivalent of stamping "VOID" across every qualification you have.

No one will trust you and it will dump you irretrievably back into the shit for life and the damge it will do is roughly equivalent of the paragraph above.
afistfullofsand
User ID: 31981154
Canada
01/31/2013 04:11 PM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
been there in your shoes. go to the bank manager and say you can't pay any interest and show them your income. They will understand and help you. You just have to ask for help first which your afraid. whole life ahead of you,don't worry about 15k. You must take the ups and downs in life. How are you going to react going forward when things become much tougher? This is just a small test and you are judged by your actions. your whole soul is choosing between right and wrong with alot of tests and consquencses.
Anonymous Coward
User ID: 33359272
United States
01/31/2013 04:16 PM
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Re: should i declare bankruptcy (canada) ? i owe 15 grand student loans, currently unemployed, help please
pay your debt.. even if it is just $20 a month towards it, you can then show you are making an effort if you get taken to court over it.

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