Does this sound like you?
You developed a great deal of student loan debt during your post secondary education, and now you are struggling to come up with the money to pay the loan off. What can you do? How do you deal with your student loan debt?
Your Options for Dealing with Student Loan Debt
Individuals in this situation have a number of options for dealing with student loan debt.
The first thing to do is to make a list of monthly income and expenses. Then take a look at your expense list and see if there is anything you can afford to cut out. Come up with a way to increase your total monthly income (find a second job, etc.)
If nothing works, you will probably need to look into a consumer proposal or bankruptcy.
In a personal bankruptcy in Winnipeg, Manitoba, your student loan debt would be discharged rather quickly – under the condition that your student loan qualifies for automatic discharge in bankruptcy.
Our bankruptcy trustees offer a free consultation – call our bankruptcy office in Winnipeg, Manitoba today and book an appointment. These licensed by the government of Canada bankruptcy professionals can help you: they will review your case and your options for dealing with your student loan debt, and help you find the solution that best fits your unique situation.
