Ontario Personal Bankruptcy Blog

Ontario Personal Bankruptcy Blog provides free personal bankruptcy information and helps Ontario residents dealing with their debt.

Below are the most recent personal bankruptcy questions. Be sure to check out our Frequently Asked Questions page for answers to more common questions about personal bankruptcy in Ontario. Remember, you can always post an anonymous question, as well as arrange for a free consultation with a personal bankruptcy expert near you.

Recent Bankruptcy Questions:

Posted on Tuesday, October 09, 2007

Student Loans, OSAP, and Bankruptcy In Ontario

Question: I am currently a student and am receiveing osap. I am finished my program in April. I have paid my tuition (from osap) but will be receiving the second amount in january.I am exploring all my options but if i claim bankruptcy will I still reveive the 2nd amount. I have been accepted for osap and realize that I can not claim bankruptcy against this loan.

Answer: Yes, in most cases OSAP will still lend you money while bankrupt. They will require a letter from your trustee confirming that you will be repaying the money.

Labels: bankruptcy Ontario, OSAP, student loans