Debt Relief Blog

Do Gambling Wins & Losses need to be disclosed in Bankruptcy?

When a Debtor files for personal bankruptcy, there are many schedules and statements that they are required to complete.  One such statement is something called the statement of financial affairs.  On this form, there are two questions that relate to gambling activity, one relative to winnings and one relative to losses.  More specifically, question #8…
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Can cash advances from casinos be discharged in Bankruptcy?

Many people who visit a casino’s go in with simple intentions of only gambling a certain amount of money. For example, they say to themselves, “I will take $500 with me and if I loose it, I will stop gambling? Unfortunately, their addiction to gambling takes over when they start loosing and their pathological gambling…
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