Student loans are not dischargeable debts through a consumer proposal if these procedures are filed less than 7 years following the completion of your last studies. The completion of your studies is considered by the ministry to be the date when the educational institution certifies that you have ceased studying for the last time. If you must or decide to declare bankruptcy or file a consumer proposal less than 7 years following the completion of your studies, however, at the expiration of 5 years following the completion of your studies, you can petition the court to be released from this debt. Depending on certain criteria, the court may discharge you from it if deemed appropriate. We invite you to learn more about student debts.