Hi dear sir, we shall be on Ontario odsp. And owe 89,000$ cridet card financial obligation. My very first genuine real question is we told them i will be on odsp that i acquired a call from collection plus. Would the collection agency inform odsp for my debts and wouldnвЂ™t it influence my odsp. 2nd concern, when we file bankruptcy, however wouldnвЂ™t it influence my odsp. What i’m saying is in the event that odsp learn, will they stop my re re payments. I will be exceptionally frightened and then we really donРІР‚в„ўt know very well what to complete and it has now made my health worst. IвЂ™ve various types of anxiety. Plz advice me list of positive actions.
Hi Khpelwak. As a consequence of privacy instructions, ODSP only will talk with you about your file, perhaps perhaps not somebody else, so although the collection agency did phone them, theyвЂ™dnРІР‚в„ўt communicate with them. Owing money does not influence your ODSP, since eligibility for ODSP will depend on your profits and problem that is medical.
Filing bankruptcy does not influence your ODSP directly, because again it truly is centered on your wages, maybe maybe maybe maybe not your financial predicament.
You can easily register bankruptcy, but there is but however a cost to bankruptcy that is filing frequently in the amount of $200 on a monthly basis for 9 months. Bankruptcy is a remedy to prevent your wages from being garnisheed, but for you personally because you donвЂ™t have any wages, and since ODSP cannot garnishee your wages, a bankruptcy is almost certainly not necessary. An Ontario bankruptcy trustee can explain your alternatives in greater detail.
Hi I merely got split. My spouse left me personally physically with like 70 thousand dollars of monetary responsibility. 25 thousand in control cards. 20 thousand on a specific loan that is financial 25 thousand dollar individual credit line. IвЂ™m on EI nonetheless it will quickly go out really and I also also might have no profits. ItРІР‚в„ўs a thing that is tremendously stressful. Am we in a position to declare bankrupcy when we donРІР‚в„ўt have actually a task that is working. Many Many Thanks
Hi Troy. Yes, it is possible payday loans Missouri to seek bankruptcy relief additionally in the event that you donРІР‚в„ўt have work. However, since one of the main purposes of bankruptcy is always to protect you against getting the wages garnisheed, you may find it is actually in your very best self interests to hold back patiently until you are working so that you have something to protect. an insolvency this is certainly certified gives you increased information.
We now have for ages been in $33000 debt with charge cards and personal line of credit.
It offers loan that is osap of11315. I’ll be making usage of repayment help for osap and currently donРІР‚в„ўt invest any thing because iвЂ™ve no wages. We now have no task that is working wound up being keeping all my re re re payments just for 2 yrs. But we canРІР‚в„ўt find a way to spend them any more. We now have no house that is true no car, no assests or any thing. IвЂ™ve no wages additionally. I’ll be considering making use of help that is social. Please inform me my choices. I am in incredibly bad ailment and consider working is unquestionably perhaps maybe not an alternative solution. Please advise. Whenever we donРІР‚в„ўt make any re re re payments, will anything bad occur ? Shall we notify all my creditors that iвЂ™m maybe not able to invest any further payments which can be monthly ? Shall they’ve been informed by me personally or possibly possibly not ? Shall we register bankrupcy ? We canРІР‚в„ўt are able to buy bank rupcy additionally. We now have 0 money on myself. Please give a remedy this is certainly thoughtful. Best Wishes.