Questions: Can I go bankrupt in Ontario without a job? Also, if i had a student loan, and now revenue canada has the file, does this debt get cleared too?
Answer: Yes, you can file bankruptcy in Ontario without a job. However, most residents of Ontario that file bankruptcy are going bankrupt to prevent their wages from being garnisheed; if you have no wages, because you are not working, it may not be necessary to file bankruptcy until you return to work.
The rules governing a student loan and bankruptcy will determine whether or not your student loan would be discharged in a bankruptcy. In simple terms, if you have been out of school for more than seven years, your student loan will be discharged when you go bankrupt. Whether or not the file is with Revenue Canada is irrelevant. Contact a bankruptcy trustee for more information.