Hi, we get ODSP while having got directly into serious financial obligation over the last couple of years with several pay day loans 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 from it to repay my other loans but that has been the worst thing i possibly could have inked since the business finished up deciding in which the money would visit spend my credit cards off and such, and so I had been struggling to spend one other loans with that cash and finished up making use of my month-to-month earnings once once again, and my own loan is dual payback for just what we owe. I’m 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 earnings from ODSP is reported by you to definitely your trustee.
Hello, we have credit line and card of credit in standard for over 7 years. Total amount around 40K. We never declared a bankruptcy. To start with i got telephone phone calls from debt collectors, each of them stop after 2 years. One of several banking institutions sued me personally. We have no garnishable earnings and no assests to seize. Matter 1. If i dont declare themselves bankrupt after 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. Nevertheless, when you yourself have no earnings which can be garnisheed, and when you have got no assets, then there’s not a way for the charge card business to gather in the financial obligation, so that the undeniable 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, thereвЂ™s no much they can do with it. Yes, if you declare themselves bankrupt the lawsuit plus the judgement could be discharged into the bankruptcy.
Hi, i will be on PWD impairment and also over 30K in credit debt now ICBC wants 10K to pay away a claim or pay 6 times more a thirty days. I really do have no assets. Vehicle is certainly not mine but we insure it to push. I will be not able to work and also perhaps maybe perhaps maybe not in over two decades and not will continue to work once more. I’ve told the debtors that there’s simply no method of repaying also 1 cent when I only get $906 every month. When I spend lease and bills and insurance coverage (that I canвЂ™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 money that is demanding. I can’t simply just just simply take them calling anymore. My real question is, can there be somewhere to head to register bankruptcy and so they maybe perhaps perhaps not ask you for? My credit has already been shot time that is big and so I donвЂ™t worry about bankruptcy wrecking it more. I simply are interested all to disappear completely. IвЂ™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 would be the biggest problem, a fresh contact number will be the easiest and fastest solution. A lot of people declare themselves bankrupt to stop their wages from being garnisheed, but as you do not have wages thatвЂ™s perhaps maybe not a presssing issue available for you. You can easily contact a trustee in addition they can help you on the choices, including payment that is various.
We have a severe gambling addiction while having gambled all my cash and owe $30,000 in personal credit card debt. IвЂ™m on Canada retirement plan and age that is old including as much as $1190 per month and I also work with McDonaldвЂ™s getting about $800 per month. IвЂ™ve really considered committing committing committing suicide. I’ve quit gambling but canвЂ™t afford my payments hence spending one bank card with another which canвЂ™t carry on forever. IвЂ™ve read exactly about bankruptcy and it also seems like some creditors can https://installmentloansgroup.com/payday-loans-az/ refuse which scares me personally and I also donвЂ™t determine if I am able to manage banksupsy. Can they garnish my McDonaldвЂ™s wages? Then how do I manage to consume. IвЂ™d like to help keep my destination. 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 We use. Many thanks