First, if you have debts..file if needed and see where the 'chips' fall. But whay a ch 13 and not a ch 7? Many clients have had gambling debts as well as winnings. There would be no one objecting if you won Gambling and paid the debts. The definition of fraud under the bankruptcy code is VERY HARD to prove by a creditor. So meet with an attorney that is experienced..because you cant change the past, I say don't worry about it..you cant change it!

What to Do If Someone You Care About Has a Gambling Addiction More The prevalence of casinos and ease of gambling on online sports betting sites could cause more people to become gamblers than in.

You need and want to enjoy your fresh start also. But the most important thing is to meet with an attorney as you asking this question means you have not. You care about 2 goals: keeping everything you have equity in and discharging all your debts. If you don't have any of the exceptions to discharge you will obtain that goal; most exceptions are set forth in 11 USC. 523 (Google it) like child support, some income taxes, traffic (in a ch 7) and criminal fines , and presumption of student loans. But some debts are dischargeable in a ch 13 but NOT in a ch 7 so you want to make sure and your attorney will discuss any such types with you also!

Your exemptions depend on what state you have lived in in the last 2 years and thus if in your state, then your states exemptions will apply. Most persons filing keep everything they own but your attorney will confirm that with you when they learn everything you own and the equity thereof!

How To Cope With Gambling Debt

Some secured debts like homes, vehicles, other secured debts an attorney will discuss your options on also as you must list any debts; but that does not mean you will lose them unless you have too much equity or are in default on paying for them! Discuss those options if they apply with your attorney too.

But other issues can arise that can greatly harm your case. Just one example: If you paid back a relative $3,000 11 months ago and now file bankruptcy next week, the trustee can SUE that relative to retrieve that $3,000 (under what is called a preference) for the benefit of the bankruptcy estate. As a result, most attorneys don't charge to meet with them the first meeting so meet with one no matter what.

Many great attorneys can be found right here on AVVO in your state so look, call, and meet one as soon as you can.

You should also want to know when to file: is there an advantage of waiting versus filing now and who should you pay between now and then! Good luck and enjoy your later fresh start.

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How To Handle Gambling Debt Without

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