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Does This Example Sound Like You?
John White graduated from college four years ago. It took him a year to find a job, and he is not earning as much as he had hoped. He can handle his monthly living expenses, but is having trouble making his student loan payments. What can he do.
What Can You Do?
John has three options. First, he could try to reduce his expenses to free up more cash to pay his student loans. Second, he could file a consumer proposal. Finally, he could declare bankruptcy. However, there are specific rules dealing with student loans in a bankruptcy, and professional advice is required before deciding on the correct option. It is possible to deal with student loans. A consumer proposal or a bankruptcy may be required to give you a fresh start financially. To investigate your options, click here for more information.
