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paulsc
Junior Member
289 Posts |
 Posted - 27 March 2009 : 07:11:49
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| Hi I have been gambling for about 3 yrs though my gambling hasnt increase my debt i have gambled about £1700 i think if i get a BRO how does that effect me please |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 27 March 2009 : 08:16:26
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Gambling will lead to a BRO - which in effect continues the restrictions placed upon you in the bankruptcy for a further period. Although a BRO can be granted for up to 15 years, in reality this is usually around 3 or 4 years where gamblising has been disclosed/discovered. I would be upfront with the OR's office as if gambling comes to light through the course of their investigations a stronger penalty (ie length of BRO)may be put in place than for someone who was 'open and honest' on day one
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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paulsc
Junior Member
289 Posts |
Posted - 27 March 2009 : 09:03:52
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Does a BRO mean you wont get discharged after a year and will a IPO last longer
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 27 March 2009 : 09:12:18
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Providing you co-operate with the OR (and I'm not suggesting you won't!) you'll still be discharged after 12 months. An IPA/O can only last for 36 months regardless of BRU/O.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
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paulsc
Junior Member
289 Posts |
Posted - 27 March 2009 : 09:14:21
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thank for replies they have helped alot i am hoping that They wont be worried over £1700
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xmas baby
Average Member
537 Posts |
Posted - 27 March 2009 : 10:14:17
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Hi Paulsc,
I too, have gambling, although only started in the past 18 months. However, in that time I have gambled nearly £15,000. I don't think you have too much to worry about, taking into account the length of time you've been gambling and the amount. I, on the other hand, could expect a lengthier BRU because of the short time in which I have lost a lot of money. I'll let you know how long my BRU is when I get it. I hope its for 4 years rather than a lot longer.
xmas baby |
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paulsc
Junior Member
289 Posts |
Posted - 27 March 2009 : 11:02:40
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Ok xmas baby thanks for your reply whats the odds of 4 yrs lol
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xmas baby
Average Member
537 Posts |
Posted - 27 March 2009 : 12:30:00
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Well looking at the insolvency websites BRU's, there are a lot of people who have gambled far more than me and in a short space of time and received between 2 - 5 years, so I'm hoping I'll also be in that bracket somewhere.
Fingers crossed
xmas baby |
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paulsc
Junior Member
289 Posts |
Posted - 27 March 2009 : 12:53:21
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sorry i was joking ( ODDS FOR THAT )
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taffqaz
Starting Member
United Kingdom
2 Posts |
Posted - 27 March 2009 : 21:18:39
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i find the atititude to gambling regarding bankrupcty quite appalling, if i was a member of a golf club and spent £1700 on membership fees and golf rounds in three years this would not be looked upoun as a reason for going bankrupt and there 4 punnished, but because some one enjoyed a weekly £10-£20 a week flutter this is treated in a servere way.
hunter |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 27 March 2009 : 22:03:33
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Gambling is an addiction and a lot of the time it seems to escalate from a few pounds a week until a months salary can be lost as soon as it is paid.
I'm afraid that I don't agree with you Taffgaz, I think if it has contributed to the bankruptcy, then it should be dealt with more severely.
The glimmer gets brighter all the time
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 27 March 2009 : 22:05:11
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I agree with Jan. I'm in no way criticising anyone who has a gambling addiction, but surely a BRU/O is as much to protect them from gambling as it is to protect their creditors.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
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paulsc
Junior Member
289 Posts |
Posted - 27 March 2009 : 22:20:47
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£1700 is not addiction a packet of fags a day cost more so why should a gambler be penalised =when a smoker isnt
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 27 March 2009 : 22:32:29
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I am not pointing the finger at anyone on here, just saying that a lot of the time gambling does get out of hand and is what causes the financial problems.
I think we are going to have to agree to disagree on this one.
The glimmer gets brighter all the time
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 27 March 2009 : 22:33:31
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My original post was directed at taffqaz, and as I said I'm not criticising anyone with any sort of addiction.
A lot of people gamble a lot more than you have Paul, and often the money they gamble is credit rather than their own money.
If a BRU/O stops someone with a genuine addiction being able to get credit to gamble then I still say it's a good thing as it will hopefully help the person to beat the addiction.
Personally I think anyone gambling online shouldn't be able to use credit cards, only debit cards. Hopefully this would make it harder for people to rack up credit.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
21 IPA payments made, 15 to go - on the home straight! |
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paulsc
Junior Member
289 Posts |
Posted - 27 March 2009 : 22:45:52
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i have been on a slippery slope far to kong and need to sort my self out appeciate all the comments . I realised i will be penalised but better than the position i am in at the moment .... theres always someone worse off than you
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Topic |
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Hi I have been gambling for about 3 yrs
