Hi dear sir, we shall be on Ontario odsp. And owe 89,000$ cridet card financial obligation. My extremely initial real 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 impact 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 payments. I’m exceptionally frightened and then we actually donРІР‚в„ўt know very well what to perform and contains now made my health worst. IвЂ™ve various types of anxiety. Plz advice me what you should do.
Hi Khpelwak. As a consequence of privacy tips, ODSP only will talk with you relating to your file, possibly perhaps not somebody else, so although the collection agency did phone them, theyвЂ™dnРІР‚в„ўt keep in touch with them. Owing money does not influence your ODSP, since eligibility for ODSP is founded on your investment returns and medical issue.
Filing bankruptcy does not directly impact your ODSP, because again it is centered on your investment returns, perhaps maybe maybe not your financial predicament.
It is possible to register bankruptcy, but there is however however a cost to filing bankruptcy, often inside the quantity of $200 on a monthly basis for 9 months. Bankruptcy is a remedy to prevent your wages from being garnisheed, but as you donвЂ™t have any wages, and since ODSP cannot garnishee your wages, a bankruptcy is nearly definitely not essential for you individually. An Ontario bankruptcy trustee can explain the options in greater detail.
Hi I just got split. My spouse kept me actually physically with like 70 thousand dollars of economic obligation. 25 thousand in control cards. 20 thousand on a specific economic loan and 25 thousand money individual personal credit line. IвЂ™m on EI nevertheless it will quickly go out really and I additionally also may have no profits. ItРІР‚в„ўs a thing that is tremendously stressful. Have always been we in a position to declare bankrupcy when we donРІР‚в„ўt have actually an operating task now. Many 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 is to protect you against having your wages garnisheed, you may find it truly is in your absolute best passions to attend patiently which you have actually one thing to guard before you work therefore. an insolvency that is certified gives you increased information.
We now have for ages been in $33000 debt with charge cards and 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 spend any thing because iвЂ™ve no wages. We now have no task that is working finished up being maintaining all my re re payments just for 2 yrs. But we canРІР‚в„ўt have the ability to spend them any further. We now have no house that is true payday loans Oklahoma online no vehicle, no assests or any thing. IвЂ™ve no wages additionally. I am considering making use of social help. Please inform me my alternatives. I am in incredibly bad ailment and consider working is obviously maybe maybe not an alternative solution. Please advise. Whenever we donРІР‚в„ўt make any re re re re payments, will anything bad happen ? Shall we notify all my creditors that iвЂ™m maybe not in a position to spend any more payments which are month-to-month ? Shall they have been informed by me personally or possibly perhaps perhaps not ? Shall we register bankrupcy ? We canРІР‚в„ўt find a way to buy bank rupcy also. We now have 0 money on us. Please give a remedy that is thoughtful. Best Wishes.