Legal Question in Bankruptcy in New Jersey

can I file for bancruptcy

was wondering if you could give me some advice. I am interested in filing for bankruptcy because about a year ago I had a gambling problem and lost nearly $20,000 mostly on cash advances from credit cards would I have a problem filling for bancruptcy?

thank you for your time.. please let me know what you think


Asked on 7/24/01, 1:05 pm

2 Answers from Attorneys
Stuart G. Brecher Law Offices of Stuart G. Brecher, LLC

Re: can I file for bankruptcy

Credit card debts,including cash advances, and gambling debts are generally dischargeable in bankruptcy. If you'd like to explore bankruptcy as an option for dealing with your debt problems, pleaae feel free to contact me; I'd be pleased to be of assistance.

Read more
Answered on 7/24/01, 9:05 pm
Beverly Muller Beverly Sharps Muller, Esquire

Re: can I file for bancruptcy

hi - i have had several clients who had had a gambling problem and needed to file bankruptcy. it probably saved their sanity to do so... at least, that's what they told me after it was over.

a chapter 7 is probably your best bet, as long as you have little or no assets. feel free to call me at 609 263-0089 if you have any further questions. good luck !!

Read more
Answered on 7/25/01, 11:30 am


Related Questions & Answers

More Bankruptcy Law questions and answers in New Jersey