Hi, we get ODSP while having got directly into serious financial obligation over days gone by year or two with numerous pay day loans that we continue steadily to spend and 2 charge 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 which was the worst thing i really could did since the business finished up deciding where in actuality the cash would head to spend my credit cards off and such, therefore I had been not able to spend one other loans with this cash and wound up making use of my month-to-month earnings once 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 donвЂ™t report your bankruptcy to ODSP. Your earnings from ODSP is reported by you to definitely your trustee.
Hello, i have credit card and line of credit in standard for more than 7 years. Total quantity around 40K. We never declared a bankruptcy. At very first i obtained phone telephone telephone calls from debt collectors, all of them stop after 2 years. One of many banking institutions sued me personally. We have no income that is garnishable 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 will the lawsuit disappear completely?
Many thanks ahead of time
Hi Vic. The debts never disappear. Nevertheless, 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 they currently sued both you and have judgement, as noted above, thereвЂ™s no much they could do with it for those who have no assets or earnings. Yes, if you file for bankruptcy the lawsuit in addition to judgement will be released into the bankruptcy.
Hi, i will be on PWD impairment and also over 30K in credit debt and from now on ICBC wants 10K to pay away a claim or pay 6 times more a thirty days. I actually do have no assets. Vehicle just isn’t mine but we insure it to operate a vehicle. I will be not able to work while having perhaps maybe maybe not in over twenty years and not is going to work once again. I’ve told the debtors that there surely is simply no method of repaying even 1 cent as I just get $906 every month. As soon as we spend lease and bills and insurance coverage (that we canвЂ™t get now), nothing is kept for meals. It has been taking place for many years with calls 5 or 6 times a week demanding cash. I am unable to simply just simply just take them calling anymore. My real question is, can there be someplace to go to register bankruptcy plus they maybe perhaps maybe 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 recently want to buy all to disappear. IвЂ™m towards the 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, an innovative new contact number could be the easiest and fastest solution. Many people payday loans in Mississippi declare themselves bankrupt to avoid their wages from being garnisheed, but as you have no wages that is not a presssing problem available for you. You can easily contact a trustee in addition they can give you advice in your options, including payment that is various.
I’ve a severe gambling addiction while having gambled all my cash and owe $30,000 in credit debt. IвЂ™m on Canada retirement plan and age that is old including as much as $1190 30 days and I also work with McDonaldвЂ™s getting about $800 four weeks. IвЂ™ve really considered committing committing committing suicide. We have 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 plus it seems like some creditors can refuse which scares me personally and I also donвЂ™t determine if I’m 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. I really hope you can advise me personally only a little before We use. Many thanks