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Student loan debt help
Are student loans causing serious financial problems? Worried that you are heading for bankruptcy? Our debt management experts in Barrie can help. Call today to arrange a meeting.
Harris & Partners Inc., a Licensed Insolvency Trustee (formerly called a Trustee in Bankruptcy) and leading debt management firm, offers assistance in dealing with all types of financial problems related to bankruptcy, credit card and personal loan repayment. We will evaluate your financial situation and suggest the most appropriate course of action for you. Our team of qualified and experienced debt experts has helped many men and women in Barrie, Toronto, the GTA, Hamilton and surrounding areas get their lives back on track.
Can filing for bankruptcy end your financial problems?
A question we are often asked is if filing for bankruptcy can help alleviate the financial problems caused by inability to repay student loans. The answer is not simple and depends on your specific case. However, what you must know is that:
- Student loans can only be released in a personal bankruptcy if it is more than 7 years since you ceased to be a full- or part-time student.
- If the 7-year period has not passed, you may be eligible for some repayment assistance or interest relief. This website may be of assistance in applying for relief: https://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/br02057.html.
Getting expert help with your financial problems
If you are finding it difficult to make even the minimum payments on your student loans, chances are you are in over your head. Borrowing more money against your credit cards or taking personal loans to cover the gap is not the solution. It is important to recognize the danger signs and act before the situation worsens. Our full-service insolvency firm is here to help you get back on your feet as soon as possible.
The first step to dealing with your financial problems is to consult a Licensed Insolvency Trustee at the Harris & Partners Inc. office in Barrie. Filing for bankruptcy or getting repayment assistance is a legal process and can be confusing. You will also need a Licensed Insolvency Trustee and Restructuring Professional to act on your behalf.
We will walk you through your options, help you determine if you qualify and, more importantly, decide on the right steps to take. Make the call for a new beginning.
The highly qualified and experienced team at Harris & Partners Inc. is here to make your situation as easy as possible. No matter what your financial problems are, you can count on us to help you work things out. We have helped many individuals in Barrie and the surrounding areas of Toronto start fresh.
Call Harris & Partners Inc. in Barrie at 705-728-7111 or toll-free at 1-800-268-8093. Book an appointment to discuss solutions to your financial problems caused by student loans or other types of personal debt.
We have additional offices across the Greater Toronto Area in North York and Markham, as well as in Oshawa, Pickering, Brampton, Brantford, Hamilton, Kitchener, and St. Catharines. We also serve customers in Mississauga, Oakville, Vaughan, London, and Waterloo.
Getting rid of student loan debt
Recent reports suggest that with rising tuition fees, student debt is also growing. This can have a big financial impact on students’ lives after they graduate. Lack of employment, the gap between income and expenditure, and/or irresponsible spending causes many students to default on loan payments. This can affect your credit ratings and financial future.
Professional assistance from our personal debt experts can relieve your financial problems and help you take the right steps towards financial recovery. Get started today.