Christina Paradowski (L) and Charles M. Tatelbaum (R) of Tripp Scott. Courtesy photos Attorneys for Gamblers Beware—Bankruptcy May Not Solve Your Clients' Problems
With the increase and proliferation of Native American and other casinos, as well as the advent of internet sports gambling, many of those suffering substantial losses are turning to a bankruptcy filing in order to obtain a "fresh start" by filing a Chapter 7 liquidation bankruptcy proceeding.
November 19, 2021 at 01:24 PM
5 minute read
With the increase and proliferation of Native American and other casinos, as well as the advent of internet sports gambling, many of those suffering substantial losses are turning to a bankruptcy filing in order to obtain a "fresh start" by filing a Chapter 7 liquidation bankruptcy proceeding. Unfortunately, for those individuals who fail to meet the strict standards relating to obtaining a discharge in bankruptcy, a foray into a bankruptcy proceeding may turn out to be a journey in quicksand.
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