Hi, we get ODSP and have got directly into serious financial obligation over days gone by year or two with numerous 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 settle my other loans but that has been the worst thing i possibly could have inked since the business wound up deciding in which the cash would head to spend my credit cards off and such, thus I ended up being not able to spend one other loans with that cash and finished up making use of my month-to-month earnings 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 report to ODSP if We had been to register. Many thanks
Hi Stephanie. No, you donвЂ™t report your bankruptcy to ODSP. Your revenue from ODSP is reported by you to definitely your trustee.
Hello, we have credit card and line of credit in standard for more than 7 years. Total quantity around 40K. I never ever declared a bankruptcy. At very first i got telephone phone phone phone calls from debt collectors, each of them stop after 2 years. One of the banking institutions sued me personally. We have no income that is garnishable no assests to seize. Matter 1. If i dont declare themselves bankrupt after all will my debts fundamentally be written off over time? Matter 2. If i file fo bankruptcy will the lawsuit disappear completely?
Many thanks ahead of time
Hi Vic. The debts never disappear completely. Nevertheless, for those who have no earnings that may be garnisheed, of course you’ve got no assets, then there’s no chance for the bank card business to get in the financial obligation, and so the undeniable fact that it continues to occur can 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 and also the judgement will be released within the bankruptcy.
Hi, i will be on PWD impairment and now have over 30K in credit debt and today ICBC wants 10K to pay a claim out or pay 6 times more a thirty days. I really do n’t have any assets. Automobile just isn’t mine but I insure it to operate a vehicle. I will be not able to work and possess perhaps perhaps perhaps perhaps not in over twenty years and do not is going to work once again. I’ve told the debtors that there’s 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 we canвЂ™t get now), you’ll find nothing kept for meals. It has been taking place for decades with telephone calls 5 or 6 times per week demanding cash. I can’t simply just take them calling anymore. My real question is, will there be someplace to head to register bankruptcy and so they perhaps perhaps not charge a fee? My credit has already been shot big style, thus I donвЂ™t worry about bankruptcy wrecking it more. I simply are interested all to disappear completely. IвЂ™m towards the point, i recently desire to perish.
Hi Patti. When you have no wages, the easiest choice could be to online payday UT start an innovative new bank-account at a brand new bank, and acquire a new telephone number so they really aren’t calling you. In the event that telephone calls will be the biggest problem, a brand new contact number will be the easiest and fastest solution. A lot of people declare themselves bankrupt to stop their wages from being garnisheed, but because you do not have wages that is perhaps maybe not a presssing problem available for you. It is possible to contact a trustee in addition they can counsel you on the choices, including payment that is various.
I’ve a severe gambling addiction and now have gambled all my cash and owe $30,000 in credit debt. IвЂ™m on Canada retirement plan and age that is old adding as much as $1190 per month and I also work with McDonaldвЂ™s getting about $800 four weeks. 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 seems like some creditors can refuse which scares me personally and I also donвЂ™t understand if I am able to manage banksupsy. Can they garnish my McDonaldвЂ™s wages? Then how to manage to consume. IвЂ™d like to help keep my spot. 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 use. Many thanks