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 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 by it to settle my other loans but that has been the worst thing i really could did since the business https://www.samedayinstallmentloans.net/payday-loans-wv finished up deciding in which the cash would head to spend down my bank cards and such, therefore I had been struggling to spend one other loans with that cash and wound up utilizing 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 to report to ODSP if I had been to register. Many thanks
Hello, we have credit card and line of credit in standard for over 7 years. Total quantity around 40K. We never declared a bankruptcy. To start with i acquired telephone phone telephone calls from debt collectors, all of them stop after 2 years. One of many banking institutions sued me personally. We have no garnishable earnings and no assests to seize. Matter 1. If i dont file for bankruptcy at all will my debts ultimately be written down as time passes? Matter 2. If i file fo bankruptcy will the lawsuit disappear completely?
Hi Vic. The debts never disappear completely. 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 along with it when you have no assets or earnings. Yes, if you file for bankruptcy the lawsuit while the judgement could be released into the bankruptcy.
Hi, i’m on PWD impairment and possess over 30K in credit debt now 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 push. I’m not able to work and have now maybe not in over twenty years rather than will continue to work once more. 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 I canвЂ™t get now), you’ll find nothing kept for meals. It has been happening 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 maybe perhaps maybe not ask you for? My credit has already been shot time that is big and so I donвЂ™t value bankruptcy wrecking it more. I simply need it all to disappear completely. IвЂ™m towards the point, I just like to perish.
Hi Patti. When you have no wages, the easiest choice might be to start a brand new banking account at a unique bank, and acquire an innovative new contact number so that they aren’t calling you. In the event that telephone calls will be the issue that is biggest, a fresh telephone number could be the easiest and fastest solution. Many people file for bankruptcy to stop their wages from being garnisheed, but as you have no wages thatвЂ™s maybe perhaps not a presssing issue for you personally. It is possible to contact a trustee plus they can counsel you in your choices, including payment that is various.
I’ve a severe gambling addiction and also have gambled all my money 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 per month. IвЂ™ve really considered committing committing suicide. We have quit gambling but canвЂ™t afford my payments hence having to pay one charge card with another which canвЂ™t continue forever. IвЂ™ve read exactly about bankruptcy plus it appears like some creditors can refuse which scares me personally and I also donвЂ™t understand if i could 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 30 days. We need help and advice. I really hope you can advise me personally only a little before We use. Many thanks