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feather
Junior Member
185 Posts |
 Posted - 30 June 2008 : 11:36:52
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Hi,
Both me and my partner have bad gambling problems and around 80% of our debt is due to this. We both now go to weekly gambling addiction counselling
Will this make any difference to the BR? |
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Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 30 June 2008 : 12:40:43
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Hi feather
The Official Receiver will look at this as a failure to account to gambling to the extent that it materially affected your insolvency. This would mean you would be subject to a BRU/BRO. In your favour would be that you are taking steps to make sure this unlikely to occur again so could be used a mitigaging circumstances.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 30 June 2008 : 15:35:33
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Hi Feather,
The good news here is that the gambling is treated as an addiction, and the fact that you are currently receiving counselling puts you in a good light. As Suzanne says, it is likely you'll get a BRO/BRU, but I believe it will probably be 2-3 years rather than the maximum of 15. However, it depends on how much money we're talking about!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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zoe
Junior Member
329 Posts |
Posted - 30 June 2008 : 15:45:48
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Hi there
I will say that i did have a problem and i did use my cards for internet gaming - I did not receive a BRU, but i was honest and upfront with the OR |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 30 June 2008 : 15:47:33
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Hi Zoe,
Honesty is really the best policy with the OR. If they catch you out on the smallest of things, they'll assume you've lied throughout the process.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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feather
Junior Member
185 Posts |
Posted - 30 June 2008 : 15:59:32
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Thanks for info guys
we have 40k of debt and around 80% of this is from gambling
We are going to be very honest with OR.
Sorry to sound stupid but can i ask what a BRO/BRU is? and what will happen to us?
Thanks again guys |
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hammy0107
Junior Member
399 Posts |
Posted - 30 June 2008 : 16:51:54
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Feather,
A BRO / BRU means you will remain under the same restrictions of BR for the period of the BRO / BRU. A BRO / BRU can be as long as 15 years but this is usually for extremebehaviour. As somebody has stated you could be looking at 2 or 3 years for gambling, however as Julian has stated it really depends on the amount of money. Equally if you are completely honest with the OR you may not get a BRO / BRU at all. |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 30 June 2008 : 18:16:15
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Hi Feather,
It's not the largest amount ever to have lost on gambling (some people have spent that kind of money in the pub). I feel that it would be unlikely you'd get a BRO/BRU.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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melanie_giles
Senior Member
1191 Posts |
Posted - 30 June 2008 : 21:32:45
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Julian
Are you saying that £32k of £40k debt is not significant and is likely to avoid a BRO?
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 07 July 2008 : 12:31:08
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Hi Melanie,
I've seen considerably worse that hasn't resulted in a BRO.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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melanie_giles
Senior Member
1191 Posts |
Posted - 07 July 2008 : 22:55:04
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Amazing! Makes you wonder what BRU and BRO's are actually there for.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
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Topic |
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Gambling
