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Cash advances from my Credit Card

Hi,I wanted to know what happens when I withdraw cash advances from my Credit Card and use the Cash to feed my gambling addicton. I have withdrawn over 50,000 during the past 6 months and have no way of paying the money back. I lost it all at the Casino. I plan to move to Australia with my common law partner who is Australian,can her credit or my credit in Australia be affected? Can I claim Bakruptcy threw a gambling debt? Can I be persued in Australia for money I owe in Canada to Credit Cards? Whats the proces? Many Thanks

One Response to “Cash advances from my Credit Card”

Barton Goth GCO Bankruptcy Trustees said...

You can claim bankruptcy for these types of debt, but the length and cost of a bankruptcy would be difficult to predict as an oposition to discharge would likely be made by your creditors.

However, whole you rare in Australia you will likely not have to worry significantly as there is very little that will normally be done to collect debts across international borders.