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 Hi I have been gambling for about 3 yrs
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New Member

United Kingdom
73 Posts

Posted - 28 March 2009 :  00:20:27  Show Profile  Reply with Quote

I think skippy's point regarding the use of debit cards and not credit cards for online gambling is a very valid one.

However, it is quite a strange rule in bankruptcy.
I can smoke my credit away, drink my credit away, God forbid even inject my credit away all if which potentially costs the NHS and potentially kills me.

Even the gambler that does not gamble online, or that has no betting account whereby the payments are debited from a bank account, but rather uses cash in a shop or at the course, goes undetected.

It is all quite bizarre.

John White
England Jackman & Spacey
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Starting Member

United Kingdom
2 Posts

Posted - 28 March 2009 :  13:15:00  Show Profile  Reply with Quote
why when the the word gambling used is adction used as well, is some one who has a couple of bottles a wine a week an alcoholic

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forum expert

United Kingdom
3290 Posts

Posted - 28 March 2009 :  14:07:26  Show Profile  Reply with Quote
Because the people who gamble large amounts of money are often addicted to gambling. If this is the case they need help to break the addiction, the same as an alcoholic needs help to give up alcohol. Therefore a BRU may help.

Gambling small amounts now and then isn't addiction, the same as having a couple of bottles of wine a week isn't.

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!

Edited by - Skippy on 28 March 2009 14:08:31
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United Kingdom
4590 Posts

Posted - 28 March 2009 :  15:27:18  Show Profile  Reply with Quote
The odd flutter here and there is not an addiction. I do the lottery and don't class that as an addiction as I could quite easily stop and I don't spend a lot of money on it. Neither is a few drinks an indication of having an alcohol problem.

However, the majority of posters who have been on here with gambling problems are addicted and it is this that has caused their financial woes.

I don't see why you should be getting so wound up about this taffgaz, no one is having a go at anyone on here about gambling.

The glimmer gets brighter all the time

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Junior Member

289 Posts

Posted - 28 March 2009 :  15:36:15  Show Profile  Reply with Quote
whats the ODDS on becoming addicted

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New Member

United Kingdom
90 Posts

Posted - 29 March 2009 :  10:11:45  Show Profile  Reply with Quote
That's funny Bit of humour does not go amiss.
What are the odds on being refused BR.
Is the logic behind BR that your assets cannot cover your debts. I am in neg. equity now or is that you have enough income to repay some.Due to mortgage going down I have a bit more but still not enough to repay everything.

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New Member

United Kingdom
73 Posts

Posted - 29 March 2009 :  10:47:49  Show Profile  Reply with Quote

Insolvency by definition determines whether or not your BR petition should be accepted. Strangely half the country are insolvent but many of course choose not to petition as they have more than sufficient income to meet all repayments. But an ability to pay does not alter the fact when our debts outweigh our assets we are insolvent.

So with £15K of debt and no assets we are insolvent even if you are earning a six figure salary.
Salaries of course, and in particular in the present climate, are far from guaranteed so potential future earnings should not be considered an asset.

I'd be surprised if a debtor's petition were allowed in the above scenario though.

Likewise it is an anomoly that a debtor with £750 of debt, but millions in assets, can be declared bankrupt through a creditors petition when clearly the debtor is far from insolvent based on that single debt alone.
It happens all too often.

John White
England Jackman & Spacey
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