Mr. Speaker, I listened carefully to the speech of my dear colleague. I am a little concerned about something. I would like to have her thoughts on that.
We were talking about students going bankrupt. On reading Bill C-55, I see that it allows a court to discharge bankrupt people from their student debts if they have been out of school for five years and if they are suffering excessive financial hardship. Moreover, for the court to authorize the foregoing of the student debt because of excessive difficulties, it must be certain that the debtor acted in good faith and will still have financial difficulties in the near future.
A student who is going bankrupt must have financial difficulties before and also after. How far can we go?
I would like to get the member's thoughts on this. It seems that the person must continue to have financial difficulties in the near future. This means that, being bankrupt, before getting the protection of the Bankruptcy and Insolvency Act, the person must prove that, in the years to come, he or she will still have difficulties and his or her life will be difficult, despite the provisions in the bill.
I would like the member to comment.