An Act to amend the Bankruptcy and Insolvency Act (student loans)
This bill was last introduced in the 40th Parliament, 2nd Session, which ended in December 2009.
This bill was last introduced in the 40th Parliament, 2nd Session, which ended in December 2009.
Dead, as of May 5, 2009
(This bill did not become law.)
This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment amends the Bankruptcy and Insolvency Act to provide that an order of discharge does not release a bankrupt from any debt in respect of a student loan if the bankruptcy occurred within a period of five years after the bankrupt ceased to be a student. It also allows for the bankrupt to apply at any time to the court for an order that releases the bankrupt from all or part of the student loan debt or that sets out terms for the repayment of the debt or any remaining portion of the debt.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.