Hi dear sir, we shall be on Ontario odsp. And owe 89,000$ cridet card financial obligation. My really very first genuine real question is I 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 www.cartitleloansplus.com/payday-loans-mt wouldnвЂ™t it affect my odsp. 2nd concern, it influence my odsp if we file bankruptcy, nevertheless wouldnвЂ™t. What i’m saying is in the event that odsp learn, will they stop my re re payments. I will be exceptionally frightened and now we actually donРІР‚в„ўt determine what to complete and contains 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 tips, ODSP only will talk to you with regards to your file, possibly 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 is founded on your wages and problem that is medical.
Filing bankruptcy does not directly impact your ODSP, because again it is centered on your profits, possibly possibly possibly maybe not your financial predicament.
It is possible to register bankruptcy, but there is nonetheless however a cost to bankruptcy that is filing often in the range $200 each month 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 more detail.
Hi I just got split. My spouse kept me physically with like 70 thousand dollars of economic 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 nevertheless it shall quickly come to an end extremely and I also also might have no profits. ItРІР‚в„ўs a thing that is tremendously stressful. Have always been we in a position to declare bankrupcy if we donРІР‚в„ўt have actually a functional task now. Many Many Thanks
Hi Troy. Yes, it is possible to seek bankruptcy relief additionally if you donРІР‚в„ўt have work. However, since one of several purposes of bankruptcy is always to protect you against having your wages garnisheed, you could discover it is actually in your very best self interests to hold back patiently you have actually one thing to safeguard before you will work therefore. an insolvency that is certified gives you increased information.
We’ve for ages been in $33000 debt with bank cards and personal line of credit.
It offers loan this is certainly osap of11315. I am use that is making of help for osap and currently donРІР‚в„ўt invest any thing because iвЂ™ve no wages. We now have no working task but finished up being keeping all my re re payments for only couple of years. But we canРІР‚в„ўt have the ability to pay them any more. We now have no house that is true no vehicle, no assests or any thing. IвЂ™ve no wages also. I am considering utilizing social assistance. Please inform me my alternatives. I am in excessively health that is bad and consider working is obviously perhaps maybe not an alternative solution. Please advise. When 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 I inform them or maybe possibly not ? Shall we register bankrupcy ? We canРІР‚в„ўt have the ability to buy bank rupcy additionally. We now have 0 money on us. Please give a solution this is certainly thoughtful. Best Wishes.