Hi, we get ODSP while having got directly into debt that is serious the last few years with numerous pay day loans that I continue steadily to spend and 2 charge cards all to try and endure every month. I quickly got your own loan to attempt to make things easier by it to settle my other loans but which was the worst thing i possibly could have inked due to the fact business wound up deciding where in actuality the cash would head to spend down my bank cards and such, and so I had been not able to spend one other loans with that cash and finished up utilizing my month-to-month earnings once 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 actually 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 earnings from ODSP is reported by one to your trustee.
Hello, we have credit line and card of credit in standard for more than 7 years. Total quantity around 40K. I never ever declared a bankruptcy. At very first i got phone calls from debt collectors, each of them stop after 2 years. Among the banking institutions sued me personally. We have no garnishable earnings and no assests to seize. Matter 1. If i dont file for bankruptcy at all will my debts ultimately be written down as time passes? Matter 2. If i file fo bankruptcy shall the lawsuit disappear completely?
Many thanks ahead of time
Hi Vic. The debts never disappear completely. But, for those who have no earnings which can be garnisheed, and in case you have got no assets, then there was absolutely no way for the charge card business to get regarding the financial obligation, and so the undeniable fact that it continues to occur can be moot.
If they currently sued both you and have judgement, as noted above, there’s no much they could do along with it when you have no assets or earnings. Yes, if you declare themselves bankrupt the lawsuit and also the judgement will be discharged within the bankruptcy.
Hi, i will be on PWD impairment and now have over 30K in credit debt and from now on ICBC wants 10K to pay a claim out or pay 6 times more a month. I actually do n’t have any assets critical link. Vehicle is certainly not mine but we insure it to push. I will be not able to work and also maybe maybe maybe not in over two decades and not is going to work once again. We have told the debtors there is 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 coverage (that we can’t get now), there is nothing kept for meals. It has been taking place for many years with calls 5 or 6 times per week money that is demanding. I can’t just just just take them calling anymore. My real question is, will there be someplace to go to register bankruptcy plus they maybe maybe not ask you for? My credit has already been shot big style, and so I don’t worry about bankruptcy wrecking it more. I recently want to buy all to disappear completely. I’m to your true point, i recently wish to perish.
Hi Patti. So they are not calling you if you have no wages, the simplest option may be to open a new bank account at a new bank, and get a new phone number. In the event that telephone calls would be the biggest problem, a fresh contact number could be the easiest and fastest solution. A lot of people file for bankruptcy to stop their wages from being garnisheed, but because you do not have wages that’s perhaps perhaps not problem for you personally. You are able to contact a trustee plus they can counsel you on your own choices, including different payment choices.
We have 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 age that is old including as much as $1190 four weeks and I also work with McDonald’s getting about $800 per month. I’ve really considered committing committing committing suicide. I’ve quit gambling but can’t afford my payments therefore having to pay one charge card with another which can’t carry on forever. I’ve read exactly about bankruptcy and it also seems like some creditors can refuse which scares me and I also don’t understand if I’m able to pay for banksupsy. Can they garnish my McDonald’s wages? Then how to manage to consume. I’d like to help keep my destination. My begins and homeloan payment total up to $1000 four weeks. We need help and advice. You are hoped by me can advise me personally only a little before We use. Many thanks
