moved for leave to introduce Bill C-439, an act to amend the Bankruptcy and Insolvency Act (student loan).
I am very pleased to rise in the House today to introduce my private member's bill to change the bankruptcy act affecting students.
The purpose of my bill is to repeal the discriminatory changes that were made to the bankruptcy act that forced students suffering from high student debtload to wait from the previous two years to now ten years before they can access bankruptcy proceedings.
Despite high tuition fees and increasing student debt 93% of students do find a way to pay back their loans. It is only those students who are most desperate and most in debt who seek bankruptcy protection.
This bill would repeal the extended waiting period of ten years back to two years to make it fairer for students. I hope all members of the House will support this bill in recognition of the severe difficulties that students face today.
(Motions deemed adopted, bill read the first time and printed)