FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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gambling

what if i’ve just discovered my spouse has run up gambling debt within the last year totalling $160,000.00, and the bank is ready to forclose on our home?

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One Response to “gambling”

Barton Goth GCO Bankruptcy Trustees said...

First thing you must make sure you are getting help for the gambling. There are a variety of ways to deal with the debt, but none of them will be helpful long term if the gambling continues.

As for fraud, you shouldn’t have to worry to much about going to jail or being charged with fraud. The more likely result (if you file for bankruptcy that is) is that one of your creditors will oppose your discharge as personal choices / decisions contributed to haveing to file for bankrutpcy. This isn’t guaranteed and will largely depend on the current local practices and procedures followed by the court in your jurisdiction, but it does seem as the mose likely result.

The best thing for you to do is to contact local trustee, review what happens locally and go from there.