Canada Student Loan Bankruptcy Legislation

On June 28, 2005 the House of Commons adjourned for the summer. As a result, Bill C-55 is currently on hold, and has not been passed into law.

The House will resume in the Fall. It is unknown whether or not this bill will receive Second and Third readings. An election is expected in late 2005 or early 2006; unless this Bill is passed before the election, this legislation will die.

Stay tuned to this space for further details.

Current status of legislation can be found here.

Bill S-28 in the Senate, discussed in a previous blog entry, has received second reading, but it is unlikely to pass. The current status of Bill S-28 can be found by clicking here.