Gambling Debts and Bankruptcy: Are They Dischargeable?
You need to get out there and start doing things instead of being on your knees praying or being in a fetus position on the floor all day long. May I suggest that you give yourself a week in which you refuse to harbour any thought of suicide and during which you postpone all gambling. If you can prove that you genuinely intended to repay your debtshowever, you may still be able to obtain a discharge.
If other lenders such as your home or auto loan provider still hold liens on the property, they may claim the property and force other lenders to convert your debt to unsecured debt. Money is so hard to come by. How Bankruptcy Works Bankruptcy is a powerful tool.
Last week i was prayed over by my Christian cousin over skype. It was even that much money, but the time was days and days and days.
Concentrate on that wonderful family of yours who have stood beside you through thick and thin. Only it will be very different. Then you forget god. There are worse things than living on handouts in your sister's condo. Am always afraid of my surrounding, afraid to be recognized and seen by then people i owe money. Yes I have hit a few times.
Depending on which type of bankruptcy you choose to file and where you live, you may even be able to keep your homeyour carand other important assets. Instead of focusing on the production I was sneakily playing poker.
Then you realize your still alone and feels god also abandoned you. Still contemplating on suicide or robbing a bank and suicide through cops.
She has said she will never know if I am gambling or not. But she will never trust me with more than a few dollars and I must provide receipts for everything Am now in my 40s and its hard to get a job. A lot of good people here. Your story is so similar to mine. Yes, it is possible to get better from where you are. We only try to seek help when there is no where else to get money. You found success before you can do it again.
Here we are all in the same boat. Then depression hit, I was unfocused, having anxiety attacks - still didn't do anything about it. It might not seem like it but God is with you and he will help you, only it will be on his terms not yours. Just take some time and think where gambling will take you if you continue. Chasing losses will not work.
If not the same day.
Hello Jay from me also. If you sign a marker claiming that you have sufficient funds to cover the chips when you do not actually have those funds, the court may find that you borrowed deceptively and deny your discharge.
If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. You can come out of this wiser and it will be a HUGE lesson for you and for all of us. We all know we cant beat the casinos and the bookies.
It was one I wished often. Everyone telling you that you can and will have your old life back is talking out of their asses. No law specifically prohibits the discharge of gambling-related debt, but the court looks at it differently than other types of debt.
Forgive me if my english is not perfect btw.
But the win is never big enough. Just found this blog Jay. We need to change mindset. Ive been a good person all my life. How you doing, it's a few months since you posted. To improve your case, consider seeking professional help for gambling addiction. If it used to be success, recognition and money, now you need to find something else, something that will be equally fulfilling but more realistic.
With the help of an experienced attorneyyou should be able to get a discharge of your unsecured gambling debt. I have stopped gambling and life is becoming restored. You aren't the first. You certainly won't be the last. You will make it. In order for a lender to block the discharge of your gambling debt, the lender has to win an adversary proceeding. It feels like there is no where to turn.
Put every barrier possible in place to stop gambling and try to do fun things!! Is the hope of 1 in 20 million really worth the money? Have faith in God to show you a way to start over.
Those i helped, i wish i dindnt helped them at all. However you still have a life and you can turn it around.
Gambling Debts and Bankruptcy: It can protect you from creditors and give you a fresh financial start. I have a friend at the GA meeting. What you can have instead is new, different life with new set of values.
In that case, the lender may be able to claim the collateral as repayment for the debt. Where I think you're making a mistake and I'm not the one to judge - I'm aware of that is that your goal is to have your old life back.
Sure my finances will never be the same but this year I am having a stress free if very frugal Christmas. In re Baum, B. It's never too late! Why give them another second of your happiness? What will happen to my gambling debt? As a matter of fact is not about doing something its about stop doing. Consumers generally file one of two main types of bankruptcy: But you can stop and watch your life turn around!!
I think if you start getting all the details together - list the debts smallest to largest - and put together a plan you may start to feel better about things as you set yourself some small goals.
It's Christmas so you can do much to fix things over the next week. Gambling debt may be secured or unsecured.