Years before discharge

March 6th, 2007 by Questions

I had a problem gambling for a few years, got help and realized my mistakes. I have not placed any kind of wager in over a year. i racked up lots of money that was blown on gambling prior to last year. i found the best way for me to handle that addiction would be to stay clean, work lots of overtime, and make all my payments to my creditors. it is getting tough, but is good for my wellbeing knowing i am paying for my mistakes. work has been talking about cutting overtime, so i may have to file. would it be common to experience a lot of problems when i file because for several years i borrowed, and lost tens of thousands of dollers. is it possible my creditors may be so disgusted with that reckless behaviour that i could be in the bankruptcy proccess for several years before discharged? maybe would a div 1 propasal, if accepted be an easier way to deal with it.

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One Response to “Years before discharge”



, A licensed trustee said:

A lot of this will depend on the practice of the local Court where you live. Here in Ontario, when gambling is involved, the practice is to extend the bankruptcy byb up to 12 additional months. In addition, the Court requires proof that the person has received gambling counseling, has voluntarily banned themselves from the casino’s and swears or affirms that they have not gambled during the bankruptcy period.

Other regions of the country may handle gambling differently – the best advice is to contact a trustee in your area and ask them to review your sitaution and help you develop a plan to deal with your debts.

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