Hi, we get ODSP while having got directly into debt that is serious days gone by year or two with several payday advances that I continue steadily to spend and 2 bank cards all to try and endure every month. I quickly got your own loan to try and make things easier by it to settle my other loans but that has been the worst thing i really could have done since the business finished up deciding where in actuality the cash would visit 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 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 report 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 you to definitely your trustee.
Hello, i have credit line and card of credit in standard for more than 7 years. Total amount around 40K. We never declared a bankruptcy. To start with i got telephone telephone phone calls from debt collectors, all of them stop after 2 years. One of several banking institutions sued me. We have no income that is garnishable no assests to seize. Matter 1. If i dont declare themselves bankrupt at all will my debts ultimately be written down as time passes? Question 2. If i file fo bankruptcy shall the lawsuit disappear?
Many thanks ahead of time
Hi Vic. The debts never disappear completely. But, when you have no earnings that may be garnisheed, and when you’ve got no assets, then there is certainly not a way when it comes to bank card business to get from the financial obligation, therefore the proven fact that it will continue to occur could be moot.
If you have no assets or income if they already sued you and have a judgement, as noted above, there’s no much they can do with https://installment-loans.org/payday-loans-mt/ it. Yes, if you file for bankruptcy the lawsuit in addition to judgement will be released within the bankruptcy.
Hi, i will be on PWD impairment and possess over 30K in credit debt and today ICBC wants 10K to pay down a claim or pay 6 times more a thirty days. I actually do have no assets. Automobile just isn’t mine but we insure it to operate a vehicle. I will be struggling to work while having maybe perhaps not in over twenty years and do not will continue to work once more. I’ve told the debtors that there surely 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 I can’t get now), you’ll find nothing kept for meals. it has been happening for a long time with telephone calls 5 or 6 times per week demanding cash. I can’t simply just simply take them calling anymore. My real question is, can there be someplace to go to register bankruptcy and so they maybe not charge a fee? My credit is shot big style, therefore 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 would you 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 fresh 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 that’s perhaps not problem available for you. You’ll contact a trustee in addition they can give you advice on the choices, including payment that is various.
I’ve a gambling that is serious and have now gambled all my cash and owe $30,000 in personal credit card debt. I’m on Canada retirement plan and age that is old including as much as $1190 30 days and I also work with McDonald’s getting about $800 per month. I’ve really considered committing committing suicide. We have 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 and it also seems like some creditors can refuse which scares me personally and I also don’t determine if I am 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 spot. My begins and homeloan payment total up to $1000 per month. We need help and advice. You are hoped by me can advise me personally only a little before I use. Many thanks
