Hi, we get ODSP while having got directly into debt that is serious the last few years with numerous pay day loans that we continue steadily to spend and 2 bank cards all to try and survive every month. I quickly got an individual loan to try and make things easier by it to repay my other loans but which was the worst thing i really could did as the company finished up deciding where in fact the cash would head to spend my credit cards off and such, therefore I ended up being struggling to spend one other loans with this cash and wound up utilizing my month-to-month earnings again, and my own loan is dual payback for just what we owe. I will be actually bankruptcy that is considering was wondering do I have actually to report to ODSP if We had been to register. Many thanks
Hi Stephanie. No, you donвЂ™t report your bankruptcy to ODSP. Your revenue from ODSP is reported by you to definitely your trustee.
Hello, i have credit card and line of credit in standard for more than 7 years. Total amount around 40K. We never ever declared a bankruptcy. To start with i acquired telephone phone phone telephone calls from debt collectors, they all stop after 2 years. One of several banking institutions sued me personally. I have no income that is garnishable no assests to seize. Matter 1. If i dont declare themselves bankrupt after all will my debts sooner or later be written down as time passes? Matter 2. If i file fo bankruptcy will the lawsuit disappear completely?
Many thanks ahead of time
Hi Vic. The debts never disappear completely. But, 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 you have no assets or income if they already sued you and have a judgement, as noted above, thereвЂ™s no much they can do with it. Yes, if you file for bankruptcy the lawsuit additionally the judgement will be discharged into the bankruptcy.
Hi, i’m on PWD impairment and also over 30K in credit debt and today ICBC wants 10K to pay a claim out or pay 6 times more a thirty days. I actually do have no assets. Vehicle just isn’t mine but I insure it to push. I will be not able to work and also maybe maybe perhaps not in over twenty years rather than will be able to work once more. We have told the debtors there is simply no method of repaying also 1 cent when I just get $906 each month. When we spend lease and bills and insurance coverage (that we canвЂ™t get now), you’ll find nothing kept for meals. It has been happening for many years with telephone calls 5 or 6 times per week money that is demanding. I can’t just just take them calling anymore. My real question is, will there be someplace to head to register bankruptcy in addition they not ask you for? My credit has already been shot time that is big therefore I donвЂ™t worry about bankruptcy wrecking it more. I simply want to buy all to disappear completely. IвЂ™m to your point, i recently like 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 will be the issue that is biggest, a unique telephone number will be the easiest and fastest solution. People declare themselves bankrupt to stop their wages from being garnisheed, but because you do not have wages thatвЂ™s perhaps maybe maybe not problem for you personally. It is possible to contact a trustee in addition they can counsel you in your choices, including payment that is various.
I’ve a online payday IN severe gambling addiction while having gambled all my cash and owe $30,000 in credit debt. IвЂ™m on Canada retirement plan and senior years safety including as much as $1190 four weeks and I also work with McDonaldвЂ™s getting about $800 30 days. IвЂ™ve really considered committing committing suicide. I’ve quit gambling but canвЂ™t afford my payments therefore having to pay one bank card with another which canвЂ™t carry on forever. IвЂ™ve read exactly about bankruptcy plus it seems like some creditors can refuse which scares me personally and I also donвЂ™t understand if I’m able to pay for banksupsy. Can they garnish my McDonaldвЂ™s wages? Then how to manage to consume. IвЂ™d like to help keep my destination. My begins and homeloan payment soon add up to $1000 per month. We need help and advice. You are hoped by me can advise me personally just a little before We use. Many thanks