I recently was awarded a student loan discharge (all my student loans both provincially/federally) were discharged/expungged. I have a couple questions.
Question 1: Are the student loans ALWAYS included with the bankruptcy that was initially filed (in my case filed on Jan 10th, 2003-by Oct 2003 I was discharged), so that means with Equifax they are released on Oct 2009 (six years after discharge date)–wanting to get a house with my spouse?
Question 2: What is the process (how does it get to Canada Revenue Agency to be removed off their records for Canada Student Loans (federally) and Ministry of Education & Training (provincially–for Ontario)==Is there anything that can speed up the process, by faxing to certain offices, etc.
By the way for anyone reading my posting I paid $1700 for the court process and in Northern Ontario it was rather quick for the entire process. Please let me know. Thanks.
Today 02/11/2012
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Equifax keeps information on your credit report for six years; more information is available at Equifax.ca. I would assume that your assumption that the student loans will disappear from your credit report in 2009 is correct, but you will need to confirm that directly with the credit bureau.
As for your taxes, I suggest you contact the general CRA phone number (it’s in your tax return package) to confirm that they have been notified that your student loans were discharged. If they don’t have the information, you can send them a copy of the court discharge order.