Bankruptcy and gambling debts

Megan81

Hi everyone.

I’m looking for sum advice About gambling debt and bankruptcy.
Half of my debts are due to a gambling problem I had recently I’m now getting help with the impulse to gamble but unfortunately it’s left me in the black and I’m struggling to make all my payments iv bean advised bankruptcy is the best option as I have no real assets but iv also bean told that my gambling debt won’t be included in my bankruptcy.
Any advice would be greatly appreciated

Thanks Megan

Craig1981

if going bankrupt, you need to be honest about debts - you may need to accept a BRU (Bankruptcy Restriction undertaking). but yes, the debt will be included regardless
what is the level of debt? a DRO may be better suited if debt under £20k

have you spoken to Stepchange, Nationaldebtline or Payplan? all good organisations that will be able to assist you in what decision is best

philnicandevan

A good read here...its a little old now but may help


https://forums.moneysavingexpert.com/discussion/1802595

Tallaght

If it involves UK online bookies then ask them if they will self-exclude you for life.Also try https://www.gamcare.org.uk/