How Do Gambling Debts and Losses Affect My Ability to File Bankruptcy?

Gambling is a form of entertainment for some, an addiction for others, and, for others still, a last resort when they are feeling financial pressure. The extent to which it affects lower-income people in larger proportion than higher-income people may be a root cause of an increased rate of bankruptcy filing, among many other causes, but the exact impact that gambling losses have upon the ability of a debtor who has decided to file bankruptcy to successfully have those losses discharged along with other debt is another matter entirely.

For more information on gambling debt and bankruptcy, visit our new Michigan bankruptcy blog and website at http://hillalaw.com/gambling-debt-and-bankruptcy/.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please contact me at (866) 674-2317 or john@hillalaw.com to schedule a free, initial consultation.

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