How To Get Bankrupt If no money is had by me?

Hi, we get ODSP and have got in to debt that is serious days gone by year or two with many pay day loans that we continue steadily to spend and 2 charge cards all to try and endure every month. I quickly got an individual loan to try and make things easier by it to repay my other loans but that has been the worst thing i really could did as the business wound up deciding in which the cash would visit spend my credit cards off and such, therefore I had been struggling to spend one other loans with this cash and wound up making use of my month-to-month earnings once once again, and my own loan is dual payback for just what we owe. I will be actually considering bankruptcy and was wondering do I have actually to report to ODSP if We had been to https://installment-loans.org/payday-loans-or/ register. Many thanks

Hi Stephanie. No, you don??™t report your bankruptcy to ODSP. Your revenue from ODSP is reported by one to your trustee.

Hello, i have credit line and card of credit in standard for over 7 years. Total amount around 40K. I never declared a bankruptcy. To start with i acquired telephone telephone calls from debt collectors, all of them stop after 2 years. One of several banks sued me personally. I’ve no garnishable earnings and no assests to seize. Matter 1. If i dont declare themselves bankrupt after all will my debts sooner or later be written down as time passes? Matter 2. If i file fo bankruptcy shall the lawsuit disappear completely?

Many thanks ahead of time

Hi Vic. The debts never disappear completely. Nevertheless, then there is no way for the credit card company to collect on the debt, so the fact that it continues to exist may be moot if you have no income that can be garnisheed, and if you have no assets.

If you have no assets or income if they already sued you and have a judgement, as noted above, there??™s no much they can do with it. Yes, if you file for bankruptcy the lawsuit additionally the judgement could be released within the bankruptcy.

Hi, i’m on PWD impairment and also have over 30K in credit debt and from now on ICBC wants 10K to pay a claim out or pay 6 times more a thirty days. I really do have no assets. Vehicle is certainly not mine but we insure it to operate a vehicle. I will be not able to work and also have maybe maybe perhaps not in over twenty years and do not is going to work once more. I’ve told the debtors that there surely is simply no method of repaying also 1 cent when I just get $906 each month. As soon as we spend lease and bills and insurance coverage (that I can??™t get now), nothing is kept for meals. It has been taking place for decades with telephone calls 5 or 6 times per week demanding cash. I am unable to simply simply take them calling anymore. My real question is, can there be someplace to go to register bankruptcy plus they maybe maybe perhaps not charge a fee? My credit has already been shot time that is big therefore I don??™t worry about bankruptcy wrecking it more. I recently need it all to disappear completely. I??™m to your true point, i recently desire to die.

Hi Patti. For those who have no wages, the most basic choice might be to start a brand new banking account at a brand new bank, and obtain a brand new contact number so that they aren’t calling you. In the event that calls will be the issue that is biggest, an innovative new telephone number will be the easiest and fastest solution. People declare themselves bankrupt to avoid their wages from being garnisheed, but because you do not have wages that is maybe perhaps perhaps not a presssing problem available for you. You’ll contact a trustee in addition they can help you on the choices, including different repayment choices.

I have a severe gambling addiction and now have gambled all my cash and owe $30,000 in credit debt. I??™m on Canada retirement plan and age that is old including as much as $1190 30 days and I also work with McDonald??™s getting about $800 30 days. I??™ve really considered committing committing suicide. I’ve quit gambling but can??™t afford my payments therefore having to pay one bank card with another which can??™t carry on forever. I??™ve read exactly about bankruptcy plus it appears like some creditors can refuse which scares me personally and I don??™t understand if I am able to manage banksupsy. Can they garnish my McDonald??™s wages? Then how to manage to consume. I??™d like to help keep my destination. My begins and homeloan payment total up to $1000 per month. We need help and advice. You are hoped by me can advise me personally only a little before I use. Many thanks