Hi, we get ODSP while having got directly into serious debt over the last few years with several payday advances that we continue steadily to spend and 2 charge cards all to try to endure every month. I quickly got your own loan to try and make things easier from it to settle my other loans but that has been the worst thing i possibly could have inked considering that the business finished up deciding in which the cash would head to spend down my bank cards and such, thus I ended up being not able to spend one other loans with that cash and wound up utilizing my month-to-month earnings once once once again, and our loan is dual payback for just what I 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 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 over http://www.installment-loans.org/payday-loans-ri/ 7 years. Total amount around 40K. We never ever declared a bankruptcy. At very first i acquired phone phone telephone calls from debt collectors, each of them stop after 2 years. One of several banking institutions sued me personally. I have no garnishable earnings and no assests to seize. Matter 1. If i dont declare themselves bankrupt at all will my debts fundamentally be written down over time? Matter 2. If i file fo bankruptcy shall the lawsuit disappear completely?
Many thanks ahead of time
Hi Vic. The debts never disappear. 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 could do along with it when you have no assets or earnings. Yes, if you file for bankruptcy the lawsuit as well as the judgement could be released within the bankruptcy.
Hi, i’m on PWD impairment and also over 30K in credit debt and from now on ICBC wants 10K to pay a claim out or pay 6 times more a thirty days. I really do have no assets. Automobile just isn’t mine but we insure it to push. I’m struggling to work and have now maybe maybe not in over two decades and not will continue to work once more. We have 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 coverage (that we can’t get now), nothing is kept for meals. This has been taking place for a long time with calls 5 or 6 times per week demanding cash. I am unable to simply simply just take them calling anymore. My real question is, can there be someplace to head to register bankruptcy plus they maybe maybe perhaps not ask you for? My credit is shot time that is big and so I don’t worry about bankruptcy wrecking it more. I simply need it all to disappear completely. I’m to your true point, i recently desire 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 are the issue that is biggest, a brand new telephone number could be the easiest and fastest solution. A lot of people file for bankruptcy to avoid their wages from being garnisheed, but because you do not have wages that is perhaps perhaps perhaps not a presssing problem for you personally. You can easily contact a trustee plus they can give you advice in your choices, including payment that is various.
I’ve a severe gambling addiction and also have gambled all my cash and owe $30,000 in credit debt. I’m on Canada retirement plan and later years safety including as much as $1190 per month and I also work with McDonald’s getting about $800 per month. I’ve really considered committing committing committing suicide. We have quit gambling but can’t afford my payments therefore having to pay one charge card with another which can’t continue forever. I’ve read exactly about bankruptcy plus it appears like some creditors can refuse which scares me personally and I also don’t understand if i will manage 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 soon add up to $1000 four weeks. We need help and advice. I really hope you can advise me personally only a little before I use. Many thanks