Can I File Chapter 7 Bankruptcy on My Gambling Debts?
Bankruptcy MAY BE an option, but it is not guaranteed.  A gambling debt obtained fraudulently disqualifies a debtor from using a Ch. 7 bankruptcy.
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Bankruptcy MAY BE an option, but it is not guaranteed.  A gambling debt obtained fraudulently disqualifies a debtor from using a Ch. 7 bankruptcy.
→ Read MoreIt is challenging because it depends on location of gambler, the location of activity, and legality. Also frustrating to enforce if there are no assets or gambling operation is closed.
→ Read MoreYou do not have to honor hour minor child’s gambling bets because they are not legally enforceable or collectible.
→ Read MoreIt is the debtor’s intention when they incurred the debt that determines whether a crime was committed. If truthful at the time of incurring the debt, and later unable to pay, you cannot go to jail.
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