Hi, we get ODSP while having got directly into serious financial obligation over days gone by few years with numerous payday advances 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 that has been the worst thing i really could did as the business finished up deciding in which the cash would head to spend down my bank cards and such, and so I had been struggling to spend one other loans with this cash and wound up utilizing my month-to-month earnings once once once again, and my own loan is dual payback for just what I owe. I will be actually bankruptcy that is considering 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 revenue from ODSP is reported by you to definitely your trustee.
Hello, we have credit line and card of credit in default for over 7 years. Total amount around 40K. We never ever declared a bankruptcy. To start with i got telephone telephone telephone phone calls from debt collectors, each of them stop after 2 years. One of several banking institutions sued me personally. I’ve no garnishable earnings and no assests to seize. Matter 1. If i dont declare themselves bankrupt at all will my debts sooner or later 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 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, there’s no much they can do with it. Yes, if you file for bankruptcy the lawsuit in addition to judgement will be released within the bankruptcy.
Hi, i’m on PWD impairment and also have 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. Vehicle is certainly not mine but we insure it to operate a vehicle. I’m struggling to work and now have perhaps maybe not in over two decades and not is going to work once more. I have told the debtors that there surely is simply no method of repaying also 1 cent when I just get $906 every month. As soon as we spend lease and bills and insurance coverage (that we can’t get now), nothing is kept for meals. It has been happening for decades with telephone calls 5 or 6 times per week demanding cash. I am unable to just just just just take them calling anymore. My real question is, can there be someplace to go to register bankruptcy and so they maybe perhaps maybe not charge a fee? My credit has already been shot time that is big therefore I Look At This 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 will be the issue that is biggest, a unique contact number will be the easiest and fastest solution. People file for bankruptcy to avoid their wages from being garnisheed, but because you do not have wages that is maybe perhaps maybe not issue available for you. It is possible to contact a trustee plus they can counsel you in your choices, including payment that is various.
I’ve a gambling that is serious while having gambled all my cash and owe $30,000 in personal credit card debt. I’m on Canada retirement plan and later years protection including as much as $1190 30 days and I also work with McDonald’s getting about $800 30 days. I’ve really considered committing committing suicide. I’ve quit gambling but can’t afford my payments therefore spending one bank 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 could pay for banksupsy. Can they garnish my McDonald’s wages? Then how do I manage to consume. I’d like to 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 only a little before We apply. Many thanks