The
      Cadre
      *
      6
      October
      1998
     
    
   
   
    
     
       
     
    
   
   
    
     
      National
      News
      5
     
    
   
   
    
     
       
     
    
   
   
    
     
       
     
    
   
   
    
     
      Tobacco
      sponsorship
      Students
      denied
      banruptcy
     
     
      protection
      for
      10
      years
     
    
   
   
    
     
      cut
      over
      the
      next
      five
     
     
      yer
     
    
   
   
    
     
      (continued
      from
     
    

    
     
      David
      Dingwel
      Sees
      Federal
      Minister
      of
      Health,
      com-
     
     
      mented
      as
      he
      gave
      a
      second
      reading
      of
      the
      Tobacco
      Act
     
     
      amendments
      to
      the
      House
      in
      December
      of
      1996.
     
    

    
     
      “Through
      association
      with
      people,
      objects,
      events
      and
     
     
      ideas,
      [tobacco]
      promotion
      creates
      a
      brand
      identity
      or
      image
     
     
      that
      influences
      and
      shapes
      the
      attitudes
      and
      beliefs
      and
      behav-
     
     
      iours
      of
      consumers
      and
      potential
      consumers,”
      he
      said.
     
    

    
     
      However,
      reaction
      is
      not
      completely
      in
      favour
      of
      these
     
     
      proposals
      and
      approaching
      legislation.
     
    

    
     
      “Youcan’treally
      look
      at
      it
      from
      one
      point
      for
      view;
      there’s
     
     
      a
      good
      side
      and
      a
      bad
      side
      to
      it,”
      one
      second
      year
      Arts
      student
     
     
      commented.
     
    
   
   
    
     
      News
      Ed.
      Note:
      Next
      week,
      thel
      focus
      will
      be
      on
      the
      more
     
    
   
   
    
     
      ative
      reaction
      surrounding
      this
      issue,
      as
      well
      as
      a
      deeper
      look
     
     
      at
      how
      these
      changes
      might
      affect
      Prince
      Edward
      Island
      --
      and
      UP
      El.
     
    

    
     
      Two
      web
      pages
      to
      inspect
      for
      more
      information:
     
    

    
     
      Health
      Canada:
      http://www.hc-sc.gc.ca/ehp/ehd/tobacco/
     
     
      legislat/index.htm
     
    

    
     
      No
      Patsy
      -
      (an
      anti-tobacco
      page)
      :
      http://www.healthwatch.org/
     
     
      tobaccowars.html
     
    
   
   
    
     
      BY
      MELISSA
      DOUCETTE
     
    
   
   
    
     
      Eightthousand
      students
     
     
      declare
      bankruptcy
      every
      year,
     
     
      most
      of
      whom
      are
      under
      30
     
     
      years
      of
      age.
     
    

    
     
      Soaring
      tuition,
      chroni-
     
     
      cally
      high
      youth
      unemployment,
     
     
      and
      cuts
      to
      education
      all
      point
     
     
      to
      an
      increase
      in
      this
      number.
     
    

    
     
      Or
      do
      they?
     
    

    
     
      Recent
      changes
      to
      the
     
     
      Bankruptcy
      Insolvency
      Act
     
     
      (BIA)
      came
      into
      effect
      on
      June
     
     
      18,
      1998.
      Now,
      students
      are
     
     
      prohibited
      from
      discharging
     
     
      student
      loan
      debts
      for
      a
      period
     
     
      of
      ten
      years
      after
      leaving
      their
     
     
      studies.
     
    

    
     
      Unlike
      most
      motions,
     
     
      this
      amendment
      was
      not
     
     
      brought
      up
      separately
      and
     
     
      given
      three
      readings
      and
      de-
     
     
      bates.
     
    

    
     
      Instead,
      it
      was
      buried
      in
     
     
      the
      Federal
      Budget
      —the
      “edu-
     
     
      cation”
      budget
      —
      recently
      ta-
     
     
      bled
      in
      February
      1998.
      This
     
     
      amendment
      only
      applies
      to
      stu-
     
     
      dent
      loans,
      and
      all
      other
      per-
     
     
      sonal
      debt
      remains
      untouched.
     
    

    
     
      The
      benefit
      of
      this
     
     
      change
      has
      been
      questioned
     
     
      by
      many
      community
      and
      stu-
     
     
      dent
      groups,
      including
      the
      Ca-
     
     
      nadian
      Federation
      of
      Students
     
     
      (CFS).
      They
      claim
      that
      bank-
     
     
      ruptcy
      is
      a
      last
      resort
      proce-
     
     
      dure,
      and
      not
      one
      that
      is
      taken
     
     
      lightly
     
    
   
   
    
     
      Bankruptcy
      is
      costly
     
     
      (minimum
      of
      $1600),
      takes
      at
     
     
      least
      nine
      months
      to
      process,
     
     
      and
      is
      not
      confidential.
     
    

    
     
      People
      who
      have
      the
     
     
      financial
      means
      to
      pay
      credi-
     
     
      tors
      are
      legally
      obtigeted
      iodo
     
     
      so,
      making
      bankruptcy
      avail-
     
     
      able
      only
      to
      those
      in
      dire
      finan-
     
    
   
   
    
     
      cial
      straits.
      Those
      filing
      for
     
    
   
   
    
     
      bankruptcy
      are
      subject
      to
      sev-
     
     
      eral
      conditions,
      including
      noti-
     
     
      fying
      all
      creditors,
      selling
      all
     
     
      assets
      to
      aid
      in
      debt
      repay-
     
     
      ment,
      and
      assigning
      a
      trustee
     
     
      to
      control
      all
      assets.
     
    

    
     
      In
      addition,
      a
      record
      of
     
    
   
   
    
     
       
     
    
   
   
    
     
       
     
    
   
   
    
     
      bankruptcy
      is
      kept
      by
      credit
     
     
      bureaus
      for
      six
      years
      for
      the
     
     
      first
      offence,
      and
      permanently
     
     
      if
      filed
      for
      more
      than
      once.
     
    

    
     
      Underthe
      new
      BIA,
      stu-
     
     
      dents
      filing
      for
      bankruptcy
      can
     
     
      only
      receive
      it
      for
      debts
      ac-
     
     
      crued
      outside
      of
      student
      loans.
     
     
      Any
      portion
      of
      the
      student
      loan
     
     
      debt
      left
      after
      ten
      years
      that
     
     
      cannot
      be
      met
      may
      require
      a
     
     
      second
      application
      for
      bank-
     
     
      ruptcy,
      giving
      the
      student
      a
     
     
      permanently
      bad
      credit
      rating.
     
    

    
     
      Through
      this
      new
      legis-
     
     
      lation,
      the
      government
      intends
     
     
      to
      cut
      down
      on
      what
      it
      consid-
     
     
      ers
      to
      be
      ahigh
      default
      level
      of
     
     
      student
      loans.
     
    

    
     
      “Changes
      were
      ..
      .
     
     
      made
      to
      the
      bankruptcy
      laws,
     
     
      sothat
      the
      comparatively
      high
     
     
      level
      of
      claims
      because
      of
      de-
     
     
      faulted
      student
      loans
      would
      be
     
     
      reduced,”
      stated
      Pierre
     
     
      Pettigrew.
      Minister
      of
      Human
     
    
   
   
    
     
       
     
    
   
   
    
     
      Resources,
      in
      his
      August
      24
     
     
      letter
      to
      The
      Guardian.
     
    

    
     
      In
      conjunction
      with
      this
     
     
      goal
      of
      reducing
      default
      rates,
     
     
      the
      Federal
      government
      is
      also
     
     
      imposing
      accessibility
      restric-
     
     
      tions
      to
      student
      loans.
     
    

    
     
      As
      of
      August
      |,
      1999,
     
     
      students
      can
      be
      denied
      a
      stu-
     
     
      dent
      loan
      if
      they
      are
      22
      years
     
     
      of
      age
      or
      older.
      Missing
      any
     
     
      loan
      payment
      (ninety
      or
      more
     
     
      days)
      three
      years
      prior
      to
      ap-
     
     
      plying
      fora
      student
      loan
      is
      also
     
     
      grounds
      for
      denial.
     
    

    
     
      These
      last
      restrictions
     
     
      are
      intended
      to
      prevent
      poten-
     
     
      tial
      defaulters
      from
      obtaining
     
     
      student
      loans.
      However,
      Hu-
     
     
      man
      Resources
      Development
     
     
      Canada
      does
      acknowledge
      that
     
     
      student
      loan
      default
      rates
      do
     
     
      not
      reflect
      loan
      delinquencies
     
     
      of
      students
      in
      a
      public
      post-
     
     
      secondary
      institution.
     
    
   
   
    
     
      Ring
      Days
     
     
      Nortons
      Jewellers
      will
      be
      set
      up
      at
      the
     
     
      UPEI
      Bookstore
      on
      Wednesday,
      Oct.
      7
      and
     
    
   
   
    
     
      Thursday,
      Oct
      8
      from
      10:00
      -->
      4:00.
     
     
      Orders
      should
      be
      placed
      now
      to
      ensure
      Christmas
     
     
      Delivery!
     
    

    
     
      No
      GST
      during
      Ring
      Days
      !!!
     
    
   
   
    
     
       
     
    
   
   
    
     
       
     
    
   
   
    
     
      STUDENTS!!!
     
    
   
   
    
     
      SMT
      and
      Acadian
      Lines
      have
     
     
      a
      DEAL
      for
      you!!!
     
    
   
   
    
     
      Student
      Travel
      Pack
      (33
      1/3%
      off
     
     
      Buy
      4
      Tickts,
      get
      2
      FREE!!
     
     
      Now
      Good
      For
      Travel
      In
     
     
      New
      Brunswick,
      PEI
      and
      Nova
      Scotia
     
     
      -.
      10%
      reduction
      on
      One
      Way!
     
     
      20%
      reduction
      on
      Return!
     
     
      Call
      Your
      Local
      Agent
      or
      Call
     
    
   
   
    
     
      ae
      /=1-800-567-5151