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Author Topic: Is it possible to inherit a gambling debt?  (Read 1055 times)
arwin100
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March 15, 2024, 09:08:56 AM
 #181

It would have been better if they are the ones that face the consequences to what they have done than leaving those debts for their children or family to be battling with after which they are nowhere to be found, this calls for us as well to be very mindful on the ways of how we gamble, we shouldn't go over in taking some steps that will have a negative future repercussion, we have to be attentive to the way we gamble and be also considerate of those around us if the way we are gambling will not one day put them in trouble. 
That right, if you no longer get pleasure from gambling, it is a sign that it is time to stop. Don't force yourself to gamble too much, it's not a good idea to take out a loan or get into debt to gamble. It is important to look far ahead, not involve other people in the problems we create by gambling. Close people or family are not assets that can be used as collateral to pay off gambling debts.
Choosing to stop gambling activities when you can no longer enjoy gambling will certainly be better and this will not put us in financial trouble, because if we continue to force ourselves to gamble it will of course put us in financial trouble and even worse we will take out loans to gambling and if we can't pay it, of course it will make the people closest to us have to pay the loan that we have lent, of course this is very detrimental to them with our gambling habits.
That's it ! Everything  should have a limit  to avoid wreckage and this is a good practice  under gambling, there should be a time to know when to stop unless you're  only playing  for fun and might not consider  any outcome from it .
(Gamble  Responsibly)

Gambling Responsibly will just remain a reminder if people don't totally apply it for their selves that's the reason why we can see a lot of gambler messed up with this since they are out of control and didn't listen to the advices of people concerned to them. That's why it create deep trouble to people surrounds them since those people who owe him money trying to get back the funds which has been compromised.

But they should know that people can't charge or ask to pay the debts of their deceased love ones since no one can force them to do that. Gamblers need to learn a lesson from other experiences so they can reflect to theirselves that what they have done will not have bad effect to his family.

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March 15, 2024, 09:19:52 AM
 #182

If you want to borrow money, there must be a collateral. If there is not collateral, there must be one or more guarantors. I do not think anyone can be a guarantor of a gambler. It is the father that have the debt and if he dies, his family will pay with the properties or works that the father left on earth. I do not think the son have any problem with his own property. That is why it is good to have your own property and be independent.
Exactly 👍
I was just about writing same thing, not until I came across this your response and bless God else it would have seem more like plagiarism and this is also a clear indication that people can be more of like minds and reading comments before responses also does matters.
Everybody going to get a loan irrespective of the purpose for the loan ought to have a collateral depending on the terms of the lender, which at some point, most lenders do ask for collaterals worth twice or even thrice the value of the loan, so as to avoid cases like this and most of them, also ask for guarantors so in case they can’t claim the property or collateral, the guarantor stands in the gab for the borrower, I don’t think this case should be a burden to anyone who isn’t part of the loan terms.

But let’s just assume things don’t go as planned and there was no collateral or maybe a guarantor as well and the loan was given out of trust, and incase of death, I think the family of the borrower should be held responsible for the loan and if there isn’t a peaceful negotiation, then it can be settle in the court.

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March 15, 2024, 09:41:59 AM
 #183


Such things also increase the anger of the society on gamblers, because the addicts are, also, good at extending their problem gambling to other close relatives.

Well in the past maybe society don't recognize gamblers are maybe talk down on them and that is because of the kind of life that they live that is full of lies and deceit, distrust and untrustworthy, lacking capacity for keeping to their words, speaking and acting in vogue ways and most especially capable to hoodwink you out of your own money but things have changed lately . This time around there are different reputable people and influencers that are earning a living through gambling and gambling streaming. There are also different companies that are running under gambling business and government is generating huge tax income from them, so that line of anger doesn't really exist because whatever happens can be taken care of since gambling is now regulated.


Could it be talked through in the law court?

I don't think someone will be made to face the punishment of another person, if you owe debt to someone I believe the judgement will be how to pay that debt using the debtor's resources and not the descendants. Therefore, if the debtor has properties that has been transferred to the descendants then it can be confiscated IMO.

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March 17, 2024, 01:12:17 PM
 #184

That's it ! Everything  should have a limit  to avoid wreckage and this is a good practice  under gambling, there should be a time to know when to stop unless you're  only playing  for fun and might not consider  any outcome from it .
(Gamble  Responsibly)
Gambling Responsibly will just remain a reminder if people don't totally apply it for their selves that's the reason why we can see a lot of gambler messed up with this since they are out of control and didn't listen to the advices of people concerned to them. That's why it create deep trouble to people surrounds them since those people who owe him money trying to get back the funds which has been compromised.

But they should know that people can't charge or ask to pay the debts of their deceased love ones since no one can force them to do that. Gamblers need to learn a lesson from other experiences so they can reflect to theirselves that what they have done will not have bad effect to his family.
True and gambling responsibly is just reminder statement but it won't be able to have any influence when gambler is unable to implement it, they can think but their desire makes the thought of implementing the right thing forgotten.
In fact, the advice and suggestions of other people are very important, but all of this is also taken for granted by most gamblers and they more often forget about self-control and then just act according to what they want in every gambling activity.
Problems that occur must be resolved well, but sometimes many people don't really care about any problems that arise from their own attitude, difficulties in the future become an end point that people like this definitely experience.
Indeed, it would be better to always consider the risks and impacts that could occur in every decision, such as the decision to borrow money, there must be many things taken into consideration so as not to cause problems in the future.

Learning from other people experiences is sometimes very important and useful, this is why everyone needs to have lot of experience and be able to see other people experiences to use as motivation to be careful in acting in certain activities such as gambling.
But unfortunately some people think experience is not important because they think they are smart enough and know what to do.

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April 01, 2024, 04:06:54 PM
 #185

But unfortunately some people think experience is not important because they think they are smart enough and know what to do.
Experience will only teach you one truth - do not gamble if you want to make money and not waste it.

That if followed immediately corrects the question in the OP, if someone learns from gambling that it can lead to serious debts and bankruptcy issues, they would not gamble in the first place or stop it as soon as possible.

However most are unable to reach the conclusion and they ignore it and continue to play, endangering the lives of their close ones and next of kin. Most debt collectors in todays world are not that brutal but they try to persuade people and that can be scary. From a lenders point of view, such debt should be passed on to next of kin once they are old enough.

R


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April 01, 2024, 04:19:10 PM
 #186

The high rate of gamblers who take loan for gambling purposes is quite alarming, and most of them are fathers to kids. Most of them don't end up taking care of their debt before passing. What happens to the funds, when the lender comes for his money? It's quite a tough one for a person who isn't a gambler to inherit a trouble from a gambling dad. Such things also increase the anger of the society on gamblers, because the addicts are, also, good at extending their problem gambling to other close relatives. Could it be talked through in the law court?
It depends on what the agreement because if the dad is not aware of the debt in the first place and none of his signatures or properties is used for collateral to take the loan then I will say that it still nit your obligations to take or inherit such debts so you have every right to deny consent and be debt free.

But in situations where maybe you dad used the house for collateral for the loan and now he I unable to pay, then you may be indirectly obligated to make a refunds.
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