Hi dear sir, we will be on Ontario odsp. And owe 89,000$ cridet card financial obligation. My really initial 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 wouldnвЂ™t it influence my odsp. 2nd concern, it influence my odsp if we file bankruptcy, nevertheless wouldnвЂ™t. After all in the event that odsp learn, will they stop my re re re payments. I will be exceptionally frightened and then we actually donРІР‚в„ўt determine what to perform 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 instructions, ODSP only will talk to you about your file, perhaps perhaps not someone else, so even though 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 wages and problem that is medical.
Filing bankruptcy does not directly impact your ODSP, because again it truly is based on your wages, maybe maybe possibly maybe not your financial predicament.
You can easily register bankruptcy, but there is nonetheless however a cost to bankruptcy that is filing often in the amount of $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 the options in more detail.
Hi I merely got split. My spouse kept me personally physically with like 70 thousand dollars of economic responsibility. 25 thousand in control cards. 20 thousand for a specific monetary loan and 25 thousand money individual line of credit. IвЂ™m on EI nevertheless it shall quickly come to an end really and I additionally 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, you can seek bankruptcy relief additionally if you donРІР‚в„ўt have work. However, since one of the many purposes of bankruptcy should be to protect you against having your wages garnisheed, you could see it truly is in your best passions to attend patiently which you have actually one thing to safeguard and soon you will work therefore. an insolvency that is 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 this is certainly osap of11315. I’ll be use that is making of help for osap and currently donРІР‚в„ўt invest any thing because iвЂ™ve no wages. We’ve no working task but finished up being keeping all my re re payments for just 2 yrs. But we canРІР‚в„ўt find a way to spend them any more. We’ve direct lenders for bad credit loans in Minnesota no house that is true no vehicle, no assests or any thing. IвЂ™ve no wages additionally. I’ll be considering utilizing help that is social. Please inform me my choices. I’ll be in incredibly health that is bad and consider working is unquestionably perhaps maybe not an alternative solution. Please advise. When we donРІР‚в„ўt make any re re re re payments, will anything take place that is bad ? Shall we inform all my creditors that iвЂ™m maybe not able to invest any more payments which can be month-to-month ? Shall they have been informed by me personally or maybe possibly perhaps 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.