Bill S-219

SUMMARY

This enactment amends the Bankruptcy and Insolvency Act to provide that an order of discharge does not release a bankrupt from any debt in respect of a student loan if the bankruptcy occurred within a period of five years after the bankrupt ceased to be a student. It also allows for the bankrupt to apply at any time to the court for an order that releases the bankrupt from all or part of the student loan debt or that sets out terms for the repayment of the debt or any remaining portion of the debt.