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  • FIRST POST
    • honeypeony
    • By honeypeony 4th Mar 18, 4:55 PM
    • 1Posts
    • 1Thanks
    honeypeony
    Bankruptcy due to gambling
    • #1
    • 4th Mar 18, 4:55 PM
    Bankruptcy due to gambling 4th Mar 18 at 4:55 PM
    Hello !
    How likely my application for bankruptcy will be accepted if OR will see in my bank account transactions that my debts have been taken due to gambling and covering other debts getting me in this never ending cycle of debts? Been playing a lot every month past 2 years due to depression causing myself to go even deeper in despair and misery. I understand I might get BRO , but for how long? Haven't been playing for a month now and I desperately want to start my life fresh and move back to my home country to reunite with my family, but can't do this while this financial crisis is breathing down my neck.
    I have no assets and live alone at the moment so I'm not left with a lot after living expenses.Aso been with DMP plan for 2 years, that might help OR to make a decision.

    Thank you for understanding.
Page 1
    • mwarby
    • By mwarby 4th Mar 18, 6:17 PM
    • 828 Posts
    • 309 Thanks
    mwarby
    • #2
    • 4th Mar 18, 6:17 PM
    • #2
    • 4th Mar 18, 6:17 PM
    Very unlikely they would reject your bankruptcy for gambling. As you've said a BRO is very possible. Have you taken debt advice ? It's a good idea to do so as it ensures your not going bankrupt needlessly.
    • philnicandevan
    • By philnicandevan 4th Mar 18, 7:03 PM
    • 553 Posts
    • 514 Thanks
    philnicandevan
    • #3
    • 4th Mar 18, 7:03 PM
    • #3
    • 4th Mar 18, 7:03 PM
    and to add to mwarby's advice...a VERY good read here as well, a past member who posted here all through his bankruptcy journey and discharge..

    http://forums.moneysavingexpert.com/showthread.php?t=1802595


    and a support group on the debt free wannabe board for ex (and soon to be) gamblers..

    http://forums.moneysavingexpert.com/showthread.html?t=1090463


    and finally

    congrats on the month free bet!
    Last edited by philnicandevan; 04-03-2018 at 7:11 PM.
    Not quite a newbie as you think (the member formally known as philnicandamy!)

    FINALLY a qualified CAB debt caseworker 2015..
    BSC 58
    • TakeAwayKing
    • By TakeAwayKing 4th Mar 18, 7:32 PM
    • 108 Posts
    • 56 Thanks
    TakeAwayKing
    • #4
    • 4th Mar 18, 7:32 PM
    • #4
    • 4th Mar 18, 7:32 PM
    A bankruptcy application is not accepted or rejected.

    If you are insolvent and unable to pay what you owe, you will be made bankrupt.

    A BRO is likely to be 3-5 years.
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