Bankruptcy

Gambling, Gamblers and Bankruptcy

By Bill McLeod, Esq.

There are many things that bring people into bankruptcy. More than a few times, I?ve represented people who have had something in common: a gambling problem. There are unique legal and practical issues that face gambling debtors. But before I get into my professional perception of things, let me share with you some personal experiences.

When I was in college in Newport, Jai Alai had opened. Jai Lai is a game where men hurl balls using large baskets at a wall. I forget exactly what you're supposed to be betting on. I think it was points.

Anyway, my first visit was a little over 20 years ago. I walked in with $10 in my pocket. I left with more than $100. Obviously, given that I was a poor college student who had a steady diet of macaroni and cheese and other various pasta creations, I was pleased as kitten at a cat nip farm. I also looked forward to going back.

Full post as published by McLeod Law Offices on February 26, 2008 (boomark / email).