How To Get Bankrupt If I’ve No Cash?
Hi dear sir, i will be on Ontario odsp. And owe 89,000$ cridet card financial obligation. My very very first real question is I told them I am on odsp that I got a call from collection and. Would the collection agency inform odsp for my debts and would it not influence my odsp. 2nd concern, it affect my odsp if I file bankruptcy, still would. After all if the odsp learn, will they stop my re re payments. We am extremely frightened and We actually donвЂ™t know very well what to complete and has now made my wellness worst. We have various kinds of anxiety. Plz advice me how to handle it.
Hi Khpelwak. Because of privacy guidelines, ODSP will simply keep in touch with you regarding the file, perhaps maybe not someone else, so just because the collection agency did phone them, they’dnвЂ™t keep in touch with them. Owing cash doesn’t influence your ODSP, since eligibility for ODSP is dependent on your revenue and condition that is medical.
Filing bankruptcy will not directly influence your ODSP, because again it’s centered on your earnings, maybe maybe perhaps perhaps not your financial situation.
You might register bankruptcy, but there is however a price to filing bankruptcy, usually when you look at the variety of $200 each month for 9 months. Bankruptcy is a method to stop your wages from being garnisheed, but as you do not have wages, and since ODSP cannot garnishee your wages, a bankruptcy might not be necessary available for you. An Ontario bankruptcy trustee can explain your alternatives in detail.
Hi i recently got divided. My partner left me personally with like 70 thousand dollars of financial obligation.25 thousand in charge cards.20 thousand on a bank that is personal and 25 thousand buck personal line of credit. (mais…)