Gambling and the OR......

topdraw

:mad: Hi guys:mad:

I was just reading my court papers i recieved today, it ask s if any of the debts are through gambling and how much??

I have never been a seroius gambler but used my overdraft for betting on the football with the lads from work and running the lottery syndicate?

We won some and we lost some, as the lottery, well need i say more.
We never had massive bets im talking £10.00 pound accumalators etc. Not 10000s like i have seen in some posts.

I have no idea what to put on the forms?

Any advice anyone????

:j

tigerfeet2006

This is for people who have a serious gambling problem and who have generally sought help. I guess you are not talking £1000's+.

shadowdragon

tick no, dont think OR is interested in small Punter amounts, only if you have borrowed money to feed a gambling problem.

topdraw

No nothing like that maybe 100s but not thousands.
We gave it up end of this season as we aint the lucky bunch...... still do the lottery tho.

storminbalder

If you were gambling direct from your bank/credit card account then you will have to be honest as it will be obvious to the official reciever as they will require at least the last years statements usually. If you wetre withdrawing cash and walking into a bookies then there is no need to declare this unless you are ultra honest!

I admitted the gambling in that same box and estimated £2,000 as my losses. The OR requested an interview regarding this and one other matter. They obviously had taken the effort to total it all up as they roughly agreed with my estimate (I was about £200 out).

But you needn't worry. They estimated it as approximately 4% of my total debt and therefore not likely to be in the public interest in pursuing a BRO. For a BRO (they explained) the losses would need to be a "significant" percentage of the total. Quite what they mean by significant I do not know.

Sure enough, he recommended it not be pursued, and they didn't give me a BRO. Instead I got an early discharge.

I do believe though that the discharge would have come after 6 months and not 9 had it not been for this matter. It didn't stop me from being well scared at the time though.

JCS1

Gambling does have to be significant to be considered for a BRO, can't remember if the threshold is 10% or 15% of total liabilities, so a couple of hundred quid will be ok.

Most people tended to tick the box and when asked, it was a couple of quid each week on the National Lottery. Wich brings back the argument of whether the lottery is gambling or a form of taxation.................

Rumbarrelled

My friend is going through bankruptcy and he has at least £22K owing to quite a few different credit card companies that were mostly his gambling debts.

He maintains that they will all be written off but I am not so sure.I know he did switch some on a 0% balance transfer long before filing the papers and is adamant he will not have any of those to pay back either. I maintain that he does and that the receivers will find the debts through the referencing agencies etc.

tigerfeet2006

Rumbarrelled, when you go BR all your debts (apart from a few like student loans/csa ) are 'written off'. He may get an IPA if he has any surplus income after essential living expenses, where he will pay a percentage of his surplus for 36 months. He more than likely will get a BRO as his debts are for gambling which will extend his BR restrictions for anywhere between 2 to 15 years.

Rumbarrelled

tigerfeet2006 wrote: »

Rumbarrelled, when you go BR all your debts (apart from a few like student loans/csa ) are 'written off'. He may get an IPA if he has any surplus income after essential living expenses, where he will pay a percentage of his surplus for 36 months. He more than likely will get a BRO as his debts are for gambling which will extend his BR restrictions for anywhere between 2 to 15 years.

Thank you. Im not sure exactly how far down the line he has gone but im hoping it will all work out for the best eventually.

topdraw

Thanks guys some great advice, im just going to be honest.

I have my court date 25/07/08 :eek:

Scary.......................

Do they print your name and address in the paper?

Dez-Titute

topdraw wrote: »

Thanks guys some great advice, im just going to be honest.

I have my court date 25/07/08 :eek:

Scary.......................

Do they print your name and address in the paper?

Yes they will umless you can prove your life is at risk from the Mafia.
Take alook at Leilags recent thread
Remember in the words of Genesis

Gambling only pays when your winning
Had to thank old Miss Mort for schooling a failure