Two student loan borrowers who filed for Chapter 13 must fully pay off their loan debts within a five-year period under their bankruptcy plans, a federal circuit court ruled.

A key reason to address a defaulted or delinquent student loan debt is to avoid wage garnishment. “When wage garnishment starts you are stuck,” Cohen said. “You are issued a 30-day letter and then ...

She later returned to school and earned a master’s degree in 2009 without the help of additional student loans. In 2013, she made a consumer proposal under the Bankruptcy and Insolvency Act ...

Piekut later returned to school and earned a master’s degree in 2009 without the help of additional student loans. In 2013, she made a consumer proposal under the Bankruptcy and Insolvency Act ...