Hi, we get ODSP while having got directly into serious financial obligation over days gone by year or two with numerous payday advances that I continue steadily to spend and 2 bank cards all to try and endure every month. I quickly got an individual loan to attempt to make things easier by it to settle my other loans but that has been the worst thing i really could have inked since the business wound up deciding in which the cash would head to spend off my bank cards and such, therefore I ended up being struggling to spend one other loans with this money and finished up utilizing my month-to-month earnings once again, and our loan is dual payback for just what we owe. I will be actually bankruptcy that is considering was wondering do I have actually to are accountable to ODSP if We were to register. Many thanks

Hi Stephanie. No, you don’t report your bankruptcy to ODSP. Your earnings from ODSP is reported by one to 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 phone telephone phone 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. Matter 1. If i dont declare themselves bankrupt after all will my debts sooner or later be written down as time passes? Matter 2. If i file fo bankruptcy shall the lawsuit disappear?

Many thanks ahead of time

Hi Vic. The debts never disappear. But, for those who have no earnings that may be garnisheed, of course you’ve got no assets, then there is certainly not a way when it comes to charge card business to get in the financial obligation, therefore 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, there’s no much they can do with it. Yes, if you file for bankruptcy the lawsuit therefore the judgement could be released into the bankruptcy.

Hi, i’m on PWD impairment and also 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 actually do n’t have any assets. Vehicle isn’t mine but we insure it to operate a vehicle. I’m not able to work and now have maybe maybe maybe not in over two decades and do not is going to work once more. I’ve told the https://personalinstallmentloans.org/payday-loans-md/ debtors that there surely is simply no method of repaying even 1 cent when I just get $906 each month. As soon as we spend lease and bills and insurance coverage (that I can’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 money that is demanding. I am unable to simply simply just just take them calling anymore. My real question is, can there be someplace to head to register bankruptcy and additionally they perhaps maybe not charge a fee? My credit has already been shot time that is big so I don’t worry about bankruptcy wrecking it more. I simply need it all to disappear. I’m to your 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 will be the issue that is biggest, an innovative new contact number could be the easiest and fastest solution. People declare themselves bankrupt to avoid their wages from being garnisheed, but as you do not have wages that’s maybe not a presssing issue available for you. You are able to contact a trustee plus they can counsel you on your own choices, including payment that is various.

I’ve a gambling that is serious and have now gambled all my cash and owe $30,000 in credit debt. I’m on Canada retirement plan and senior years safety including as much as $1190 30 days and I also work with McDonald’s getting about $800 per month. I’ve really considered committing committing committing committing suicide. We have quit gambling but can’t afford my payments hence having to pay one bank card with another which can’t carry on forever. I’ve read exactly about bankruptcy and it also seems like some creditors can refuse which scares me and I also don’t determine if i could pay for banksupsy. Can they garnish my McDonald’s wages? Then how do I manage to consume. I’d like to help keep my spot. My begins and homeloan payment total up to $1000 30 days. We need help and advice. You are hoped by me can advise me personally only a little before We use. Many thanks