Hello Veronica
My apologies for the delay in replying. I would recommend that you schedule a free consultation with a Licensed Insolvency Trustee to discuss solutions. If you are in the locality of our offices, I would be happy to schedule an in person, virtual or telephone meeting.
Regards
Kathy

Hello Cassie
Unfortunately since you have not completed your studies more than 7 years ago, your student loans would remain payable after a consumer proposal unless they voted in favor of your proposal terms (which they are not likely to do). Depending on which province you are in, there is case law on the determination of completion of studies when you have returned to school. Additionally, there is a provision under the Bankruptcy and Insolvency Act that enables you to make a court application to have your student loans included in an insolvency 5 years after you completed your studies. It is quite complicated so I recommend you reach out to us directly to discuss at a free consultation.
Regards
Kathy

Hello Eliza
Creditors typically don’t write off the debt until the proposal has been completed and the Certificate of Full Performance has been issued. I was of the understanding that the creditor would note on your credit report that the debt was included in a consumer proposal. Technically you did default on the normal payments, but settled the debt within the proposal. You could try and contact the credit bureau and request the notation be updated with a copy of your proposal documents.
Regards
Kathy

As mentioned, I had been out of school for over *8* years when I had consumer proposal.
It took them to mid 2022 before they zero’d it out.
Then today I received a loan statement from NS Resolve, stating interest paid would not be counted towards ’22 taxes. That is of no consequence to me.
But what does irked is that they wrote I ‘defaulted – returned to Nova Scotia’ the remainder of my loan. The were recipients of over $675 in Dividends in the proposal. To me that isn’t a ‘default’. Am I wrong?

Hello Haley
Creditors are “stayed” from pursuing you for collection during the term of your proposal until the trustee is discharged. Once the trustee is discharged, the stay of proceedings is lifted and creditors whose debt survives the proposal are able to pursue for payment of their debt. The creditor then has the right to send the debt to collections. I recommend contacting student loans to see if you can deal directly with them for payment arrangements.
If they won’t agree, contact the collection agency to see if you can make payment arrangements with them and to make sure the payments you have made subsequent to the completion of the proposal have been properly allocated to your account. If you are still struggling financially, you could consult with a lawyer about making an application to court to have the debt discharged in your proposal pursuant to S178(1.1).
Good luck.
Kathy

Hello Ys
It appears student loans have recently changed their position with respect to providing future funding in a proposal. I recommend you contact student loans or your school to see if they can provide you with any solutions to enable you to continue your studies. You may also want to contact your local ombudsman to see if they can advocate for you.
Best of luck
Regards
Kathy