how exactly do writ of execution work ?
here is my situation
i dont wanna file bankruptcy because ill lose a 12k disability tax credit im applying for
consumer proposal/ consolidated debt/ debt management program is not an option since i have zero income
im litteraly thinking of just waiting the debt out till the statue of limitations is hit ... its like 60k in debt and there is zero way ill be able to pay it
i dont have a wage so they cant garnish anything...
i dont have a car or house HOWEVER my mom has an apartment (where im living ) that she is mortgaging ...my question is can they LEGALLY do a writ of execution to take stuff on an apartment thats under HER name not mine... my understanding is that they cant ... i just dont want my family to be in any way shape or form liable for my actions thats why i wanna do as much research as i can
as of right now the cards have been paid due to me doing a cash advance to pay threm but that will not last forever specially with the promotional rates ending soon
regarding the banks
can a creditor go after a bank account OTHER than the one you had originally acquired debt with... for instance i had a card with bank A... i decide to stop using bank A and use bank B as my main bank account ... this account has never had an issue . can company A withdraw the money in bank B
please i also need an specific answer regarding this
in case you are wondering why i need a bank account i may get a registered disability savings plan that has to be under MY NAME only
im also thiking of settling if it gets to around ten cents on a dollar with mom help mainly and just a tiny tad of money i have i just dont know between waiting it out and settling which is better...