Hi, we get ODSP while having got directly into serious financial obligation over days gone by 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 your own loan to try and make things easier from it to repay my other loans but which was the worst thing i possibly could did considering that the business finished up deciding where in actuality the cash would head to spend down my charge cards and such, thus I ended up being struggling to spend one other loans with this cash and wound 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 considering bankruptcy and was wondering do I have actually to are accountable 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 one to your trustee.
Hello, i have credit line and card of credit in standard for more than 7 years. Total amount around 40K. I never ever declared a bankruptcy. To start with i got telephone calls from debt collectors, all of them stop after 2 years. Among the banking institutions sued me personally. We have no income that is garnishable no assests to seize. Question 1. If i dont declare themselves bankrupt after all will my debts ultimately be written down over time? Matter 2. If i file fo bankruptcy will the lawsuit disappear?
Many thanks ahead of time
Hi Vic. The debts never disappear completely. Nonetheless, for those who have no earnings that may be garnisheed, and in case you have got no assets, then there’s not a way when it comes to charge card business to gather regarding the financial obligation, and so the proven fact that it will continue to exist 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 file for bankruptcy the lawsuit in addition to judgement will be released into the bankruptcy.
Hi, i’m on PWD impairment and possess over 30K in credit card debt and today ICBC wants 10K to pay a claim out or pay 6 times more a thirty days. I actually do n’t have any assets. Automobile just isn’t mine but we insure it to push. I will be struggling to work while having maybe perhaps not in over twenty years and not is going to work once again. We have told the debtors that there surely is simply no means of repaying also 1 cent when I just get $906 every month. When we spend lease and bills and insurance coverage (that I canвЂ™t get now), nothing is kept for meals. It has been happening for decades with calls 5 or 6 times per week demanding cash. I can’t simply simply simply take them calling anymore. My real question is, can there be someplace to go to register bankruptcy plus they perhaps not charge a fee? My credit has already been shot big style, therefore 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. When you have no wages, the easiest payday loans in Florida choice can be to start an innovative new banking account at a brand new bank, and obtain a unique telephone number so that they aren’t calling you. In the event that calls will be the biggest problem, a unique telephone number will be the easiest and fastest solution. Many people declare themselves bankrupt to stop their wages from being garnisheed, but because you have no wages that is perhaps maybe not a presssing issue available for you. You are able to contact a trustee in addition they can give you advice in your choices, including payment that is various.
We have a severe gambling addiction while having gambled all my cash and owe $30,000 in credit debt. IвЂ™m on Canada retirement plan and later years protection 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 suicide. I’ve quit gambling but canвЂ™t afford my payments therefore spending one charge card with another which canвЂ™t carry on forever. IвЂ™ve read exactly about bankruptcy and it also appears like some creditors can refuse which scares me personally and I also donвЂ™t determine if I’m able to pay for 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 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 I use. Many thanks