Hi, we get ODSP while having got directly into debt that is serious days gone by year or two with several pay day loans that we continue steadily to spend and 2 bank cards all to try and endure every month. However got an individual loan to attempt to make things easier from it to repay my other loans but which was the worst thing i really could have inked since the business wound up deciding in which the cash would head to spend my credit cards off and such, therefore I ended up being not able to spend one other loans with this cash and finished up utilizing my month-to-month earnings once again, and my own loan is dual payback for just what we owe. I will be actually considering bankruptcy and was wondering do I have to are accountable to ODSP if We had been to register. Many thanks
Hi Stephanie. No, you don’t report your bankruptcy to ODSP. Your revenue from ODSP is reported by you to definitely your trustee.
Hello, we have credit line and card of credit in standard for more than 7 years. Total quantity around 40K. I never declared a bankruptcy. To start with i obtained telephone phone telephone calls from debt collectors, all of them stop after 2 years. Among the banking institutions sued me personally. I’ve no income that is garnishable no assests to seize. Matter 1. If i dont declare themselves bankrupt after all will my debts fundamentally be written down as time passes? Matter 2. If i file fo bankruptcy will the lawsuit disappear?
Many thanks ahead of time
Hi Vic. The debts never disappear completely. Nonetheless, then there is no way for the credit card company to collect on the debt, so the fact that it continues to exist may be moot if you have no income that can be garnisheed, and if you have no assets.
If they currently sued you and have judgement, as noted above, there’s no much they are able to do along with it for those who have no assets or earnings. Yes, if you declare themselves bankrupt the lawsuit in addition to judgement is discharged within the bankruptcy.
Hi, i will be on PWD impairment and also over 30K in credit debt and from now on ICBC wants 10K to pay down a claim or pay 6 times more a thirty days. I actually do have no assets. Vehicle is certainly not mine but we insure it to push. I will be not able to work and have now maybe perhaps not in over twenty years and do not will continue to work once again. I’ve told the debtors that there’s simply no method of repaying also 1 cent when I just get $906 each month. As soon as we spend lease and bills and insurance (that we can’t get now), you’ll find nothing kept for meals. It has been taking place for many years with telephone calls 5 or 6 times per week demanding cash. I am unable to simply just simply simply take them calling anymore. My real question is, can there be someplace to go to register bankruptcy and additionally they perhaps maybe perhaps not ask you for? My credit has already been shot time that is big therefore I don’t worry about bankruptcy wrecking it more. I recently want to buy all to disappear completely. I’m towards the point, i recently like to perish.
Hi Patti. When you yourself have no wages, the best choice might https://installment-loans.org/payday-loans-ma/ be to start a brand new banking account at a fresh bank, and obtain a brand new telephone number so they really aren’t calling you. In the event that telephone calls will be the issue that is biggest, a brand new telephone number could be the simplest and fastest solution. People declare themselves bankrupt to stop their wages from being garnisheed, but because you have no wages that is perhaps not a presssing issue available for you. You are able to contact a trustee plus they can give you advice on your own choices, including payment that is various.
I’ve a severe gambling addiction and now have gambled all my cash and owe $30,000 in credit debt. I’m on Canada retirement plan and later years protection including as much as $1190 per month and I also benefit McDonald’s getting about $800 30 days. I’ve really considered committing committing committing committing suicide. I’ve quit gambling but can’t afford my payments hence having to pay one charge card with another which can’t carry on forever. I’ve read exactly about bankruptcy plus it appears like some creditors can refuse which scares me personally and I also don’t determine if I’m able to manage banksupsy. Can they garnish my McDonald’s wages? Then how do I manage to consume. I’d like to help keep my destination. My begins and homeloan payment total up to $1000 30 days. We need help and advice. I hope you can advise me personally just a little before We apply. Many thanks