Can Bankruptcy Discharge Casino Sign and other Gaming Indebtedness?

Excessive gaming losses and gaming debts do lead to filing for bankruptcy. In fact, in the official forms needed to file a bankruptcy, there is a question that specifically asks about gaming losses. For the most part, gaming debts are dischargeable in bankruptcy since gaming debts are thought to be unsecured. Thus, they raja slot online can generally be completely eliminated in a Chapter 7 Bankruptcy. There are of course exclusions to the general rule, one of them being from where in particular you received your gaming debts.

In Nevada, gaming debts are fully enforceable. If you borrowed money to gamble in Nevada knowing beforehand that you would not be able to honor the sign should you lose your bet, then the casino would have got a good claim against you that the debt was non-dischargeable in the event of bankruptcy.

By subtracting huge credit card cash advances at a casino a few months before filing bankruptcy, or you make material misrepresentations to obtain credit at a casino such as knowingly writing bad checks which elicited the casino to extend you credit, you would certainly have problems discharging the debt. As a matter of course, any debt received 90 to 180 days prior to your bankruptcy filing will be checked out and you have the burden of proof to show the debts received were reasonable and necessary before they can be dropped. If they or some of them are gaming debts, it may be difficult to get them dropped. The casinos for their part would certainly raise their questions to a discharge and possibly even bring criminal charges against you depending on the amount of the checks and whether you received the debt by fraud or lies.

The Nevada Great Court has consistently led that casino marker pens are considered to be check-like negotiable instruments, which if dishonored by a bank can bring criminal bad-check charges. Even if you do manage to get your gaming debts dropped in bankruptcy, you will still be criminally prosecuted for violating NRS 205. 130, Nevada’s bad checks law. Once convicted, you can get fined and/or imprisoned and you will still have to pay restitution money to the casinos. No matter which way you cut it, in the end you really have to pay your debt back the casino.

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