How Do I Get Bankrupt If no money is had by me?

Hi, we get ODSP while having got directly into debt that is serious days gone by year or two with several payday advances that I continue steadily to spend and 2 charge cards all to try and endure every month. I quickly got your own loan to attempt to make things easier from it to settle my other loans but which was the worst thing i really could have inked as the business wound up deciding where in fact the cash would head to pay my credit cards off and such, therefore I ended up being not able to spend one other loans with this money and wound up utilizing my monthly earnings once again, and my own 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 had been to register. Many thanks

Hi Stephanie. No, you don’t report your bankruptcy to ODSP. Your earnings from ODSP is reported by you to definitely your trustee.

Hello, we have credit line and card of credit in standard for over 7 years. Total amount around 40K. We never ever declared a bankruptcy. At very first i got telephone phone telephone calls from debt collectors, each of them stop after 2 years. Among the banking institutions sued me personally. I’ve no garnishable earnings and no assests to seize. Matter 1. If i dont file for bankruptcy after all will my debts sooner or later be written down as time passes? Matter 2. If i file fo bankruptcy will the lawsuit disappear completely?

Many thanks ahead of time

Hi Vic. The debts never disappear. But, 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, there’s no much they are able to do along with it when you have no assets or earnings. Yes, if you declare themselves bankrupt the lawsuit while the judgement could be released into the bankruptcy.

Hi, i will be on PWD impairment and also over 30K in credit debt now ICBC wants 10K to pay a claim out or pay 6 times more a month. I actually do have no assets. Automobile just isn’t mine but we insure it to push. I will be struggling to work and now have perhaps maybe perhaps not in over two decades and do not will be able to work once again. I’ve told the debtors that there surely is simply no means of repaying also 1 cent when I just get $906 each month. Once we spend lease and bills and insurance coverage (that I can’t get now), you’ll find nothing kept for meals. It has been happening for a long time with telephone calls 5 or 6 times per week demanding cash. I am unable to simply simply just simply take them calling anymore. My real question is, will there be someplace to go to register bankruptcy plus they perhaps maybe perhaps not ask you for? My credit has already been shot big style, thus I don’t value bankruptcy wrecking it more. I recently are interested all to disappear completely. I’m to your point, i recently desire to die.

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 biggest problem, a https://personalinstallmentloans.org/payday-loans-nv/ brand new contact number will be the easiest and fastest solution. A lot of people declare themselves bankrupt to avoid their wages from being garnisheed, but because you do not have wages that is perhaps perhaps maybe not problem for you personally. You are able to contact a trustee as well as can counsel you in your choices, including payment that is various.

We have a severe gambling addiction and also have gambled all my cash and owe $30,000 in credit debt. I’m on Canada retirement plan and senior years protection including as much as $1190 30 days and I also work with McDonald’s getting about $800 30 days. I’ve really considered committing committing committing suicide. I’ve quit gambling but can’t afford my payments hence spending 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 personally and I also don’t determine if I am able to manage banksupsy. Can they garnish my McDonald’s wages? Then how to manage to consume. I’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 just a little before We use. Many thanks