Hi dear sir, i will be on Ontario odsp. And owe 89,000$ cridet card financial obligation. My very very very first real question is that i acquired a call from collection and I also told them i will be on odsp. Would the collection agency inform odsp for my debts and wouldn’t it influence my odsp. 2nd concern, if we file bankruptcy, nevertheless wouldn’t it impact my odsp. I am talking about if the odsp learn, will they stop my re payments. We am extremely frightened and We actually donвЂ™t know very well what to accomplish and contains made my wellness worst. I’ve various types 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 perhaps perhaps not someone else, so even though the collection agency did phone them, they’dnвЂ™t communicate with them. Owing cash doesn’t influence your ODSP, since eligibility for ODSP is founded on your revenue and medical problem.
Filing bankruptcy will not impact your ODSP directly, because again it really is predicated on your earnings, maybe maybe maybe not the money you owe.
You can register bankruptcy, but there is however a price to bankruptcy that is filing frequently within the selection of $200 every month for 9 months. Bankruptcy is a method to stop your wages from being garnisheed, but as you don’t have any wages, and since ODSP cannot garnishee your wages, a bankruptcy might not be necessary available for you. An Ontario bankruptcy trustee can explain your choices in greater detail.
Hi i recently got divided. My spouse left me personally with like 70 thousand bucks of financial obligation.25 thousand in bank cards.20 thousand for a bank that is personal and 25 thousand buck personal line of credit.Read More