Gambling is an addiction that is plaguing our country. Casinos are popping up everywhere and gambling websites are easily accessible. As a result, in the hope of hitting it big, Wisconsin residents are getting into serious debt. Unfortunately, most compulsive gamblers do not seek out help until they are overwhelmed with debt.
Many clients ask us if they can discharge their gambling debt in a bankruptcy filing. Although federal law does not specifically prohibit you from discharging your gambling debt, a bankruptcy judge may treat this type of debt different from others.
Also, if your debts were incurred by fraud or under false pretenses, they are non-dischargeable. In some cases, it may be possible to establish that a gambling debt was incurred under false pretenses or through fraud. For instance, if you signed a credit marker falsely claiming that you have sufficient funds to cover the chips, this could be considered deceptive borrowing. Additionally, if the gambling was illegal, your bankruptcy discharge could be denied on the basis of fraud. Finally, your creditors (or the trustee) could object to your discharge of the gambling debt because you incurred the debt with no intention of every paying it back.
Discharging gambling debt can be complicated, so it is imperative that you contact us for assistance.
The “Milwaukee Bankruptcy Attorneys,” DeLadurantey Law Office, LLC handle Chapter 7 and Chapter 13 bankruptcies, as well as student loan assistance, debt negotiations, debt relief, mortgage loan modifications, and foreclosure defense and debtor’s rights matters. We serve the areas of Milwaukee, South Milwaukee, West Milwaukee, Milwaukee County, and Waukesha County, including the municipalities of Big Bend Village, Brookfield City, Brookfield Town, Butler Village, Chenequa Village, Delafield City, Delafield Town, Dousman Village, Eagle Town, Eagle Village, Elm Grove Village, Genesee Town, Hartland Village, Lac La Belle Village, Lannon Village, Lisbon Town, Menomonee Falls Village, Merton, Town, Merton Village, Mukwonago Town, Mukwonago Village, Muskego City, Nashotah Village, New Berlin City, North Prairie Village, Oconomowoc City, Oconomowoc Lake Village, Oconomowoc Town, Ottawa Town, Pewaukee City, Pewaukee Village, Summit Town, Sussex Village, Vernon Town, Wales Village, Waukesha City, and Waukesha Town. Call DeLadurantey Law Office by phone at (414) 377-0518.