Hi dear sir, i’m on Ontario odsp. And owe 89,000$ cridet card financial obligation. My very first real question is that i acquired a call from collection and I also told them i will be on odsp. Would the collection agency inform odsp for my debts and wouldn’t it impact my odsp. 2nd concern, it affect my odsp if I file bankruptcy, still would. I am talking about if the odsp learn, will they stop my re re re payments. We am extremely frightened and We actually don’t know very well what to complete and has now made my wellness worst. I’ve various kinds of anxiety. Plz advice me what direction to go.

Hi Khpelwak. As a result of privacy rules, ODSP is only going to speak with you regarding your file, maybe maybe maybe not someone else, so regardless of if the collection agency did phone them, they’dn’t speak with them. Owing cash doesn’t influence your ODSP, since eligibility for ODSP will be based upon your earnings and medical problem.

Filing bankruptcy will not directly influence your ODSP, because again it really is predicated on your earnings, perhaps maybe perhaps not the money you owe.

You might register bankruptcy, but there is however an expense to filing bankruptcy, frequently into the selection of $200 each month for 9 months. Bankruptcy is a solution to prevent your wages from being garnisheed, but as you do not have wages, and since ODSP cannot garnishee your wages, a bankruptcy is almost certainly not necessary available for you. An Ontario bankruptcy trustee can explain your alternatives in increased detail.

Hi i recently got divided. My partner left me personally with like 70 thousand bucks of financial obligation.25 thousand in charge cards.20 thousand on a bank that is personal and 25 thousand buck line of credit. I’m on EI nonetheless it will go out soon and I also need no income. It’s a really stressful thing. Am I able to declare bankrupcy if we don’t have actually job appropriate now. Many Many Thanks

Hi Troy. Yes, you are able to declare themselves bankrupt also in the event that you don’t have task. Nonetheless, since one of many purposes of bankruptcy is always to protect you against getting your wages garnisheed, you could find it really is in your very best passions to wait patiently unless you will work to make sure you have actually one thing to guard. an insolvency that is licensed can offer you with additional information.

We have always been in $33000 financial obligation with charge cards and credit line. It offers loan that is osap of11315. I’m utilizing payment help for osap and currently don’t spend any plain thing because We have no wages. We have no work but ended up being maintaining all my re re payments for just two years. But we can’t manage to pay them any longer. We have no true house, no vehicle, no assests or any thing. No wages are had by me even. I will be thinking about using assistance that is social. Please let me know my choices. I will be in really bad health issue and consider working just isn’t a choice. Please advise. If We don’t make any re re payments, will anything happen that is bad ? Shall we inform all my creditors that I’m not in a position to spend any longer payments that are monthly ? Shall we let them know or perhaps maybe not ? Shall we register bankrupcy ? We can’t manage to purchase bank rupcy also. We have 0 cash on me personally. Please give an answer that is thoughtful. Best Wishes.

Hi Dave. You could stop making payments and the creditors would be unable to garnishee your wages or seize assets if you have no assets to seize, and no wages to garnishee. Therefore, for your needs, starting a brand new banking account at a fresh bank and doing absolutely absolutely absolutely nothing might be an option that is viable. You can just inform creditors that no income is had by you. They could phone that you few times, but after they understand you’ll find nothing to get the likelihood is that they can curtail their collection task.

when I have discovered out of the bad who can never ever work once once once again don’t have any possiblity to go bankrupt. i fell in the office in ’09 and today must go on ODSP , but income canada nevertheless takes every cent it may kinda causes my life on impairment hard.bad system..told I would personally want to spend $240 30 days for 9 months , but after lease ,hydro i dont have that much letf..

Hi Garth. I suggest you contact an amount of trustees in your town to discover if you have a trustee who are able to do your bankruptcy for under $240 per or who may have other options for you to consider month.

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We reside in Quebec, am a full-time pupil, solitary mom of a 3 yrs old, staying in subsidized housing, without any assets and my revenue stream is figuratively speaking. I have already been holding crippling debts for 15 years. Recently, a household people that we co-signed for left me by having a near $3000 cellular phone bill. My debts amounts to over $20k. May I carry on planning to college and student that is receiving if we get bankrupt? What are the fees that are reduced low earnings individuals for the bankruptcy? All of the debts are actually in collections, many of them I did son’t understand they existed until recently. I truly might like to do a bankruptcy (therefore that i will reconstruct my credit for good), but i will be concern within the affordability while i’m students.

You can easily get continue and bankrupt in school, and continue getting student education loans. Generally in most instances the education loan loan provider will need a page through the trustee acknowledging that the latest student education loans will never be area of the bankruptcy. Are you aware that cost of a bankruptcy, and whether or perhaps not it will be the proper choice for you personally, you ought to consult an authorized insolvency trustee to examine your choices.

Hello, we am about $50000 with debt as a result of infection I suffered in past times Currently we am employed full time as a domestic home supervisor as well as in lieu of pay, we be given a unit hire free together with the utilities taken care of and television, phone and internet covered. I really do perhaps perhaps perhaps not be given a paycheck. I really do receives a commission sporadically individually if I really do one thing outside my work description such as for example painting a product, but that’s a thing that is spratic. My child essentially provides us with this food and transport when I don’t very very very own an automobile sufficient reason for our medicines. At most readily useful I may get $500 per thirty days additional for artwork. May I get bankrupt in this example? I must say I have always been maybe perhaps not thinking about consumer proposition. your thinking and I’m placed on this could be greatly valued. many thanks…

Hi Richard. Yes, you are able to get bankrupt in your circumstances. For purposes regarding the surplus income calculation your rent will be considered section of your revenue, but we suspect it can perhaps maybe maybe not make much huge difference, therefore the bankruptcy will be fairly low priced for you personally. I recommend you contact an insolvency that is licensed for the totally free initial assessment to examine your choices.

We owe roughly 16k to my td visa with no assets or work. I happened to be thinking about returning to college while being on a learning pupil loan. Fundamentally, I’m maybe not thinking about doing work for minimum the following 36 months to ensure that I am able to give attention to college. I wish to understand what are my likelihood of getting sued by td visa?

Hi Regis. You have no income, the odds of them suing you are very low if you have no income, and TD knows. Also you, you have no income to garnishee if they do sue. Therefore, you might return to college, and just cope with TD when they sue you, or once you graduate if required.

Hi my hubby and I also are filling for a proposition since we can’t manage our debts. I’ve been away from benefit one year and half and am in long term dissability that will be non taxable therefore I usually do not claim it while doing my taxes. My real question is do i must provide that amount when it comes to surplus calculation?