Is it possible to inherit a gambling debt?

[Woodie]

The high rate of gamblers who take loan for gambling purposes is quite alarming, and most of them are fathers to kids.

Without any bias or prejudice...don't you think having a family puts pressure on the man as he needs to find resources to take care of the family, and in some households the women usually don't work which means one person is bringing in the money and you can never take a break when it comes to paying bills💰 

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.

It depends on how the agreement was setup, and how the lenders business was setup...in some scenarios insurance can cover the lender, or family can step in if evidence can be produced...

And btw when it comes to debt it's never about he or she is a gambler...debt is handled the same gambler or not !

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?

If person is alive yep Court can handle this...but for a dead guy I don't think so unless collateral is involved and other members of the family don't want you to have the collateral...

[Samlucky O]

What you said is true, as a matter of fact many father has kept a whole lots of depth for their children from the loan they took from gambling. But I don't think such case may be judged in the law court because it is the case of a deceased that has transferred loan indirectly to their children. If atol such case may exist in Court, The judgement may just be slim, like such person will pay %50 or funny enough %60 of the total amount of loan owed by the father. Reason may be that such person was not the one that directly owe the loan and perhaps he was not part of the agreement so he has the right to shear the Dept with the second person and not paying for all the loan. So it's a normal thing though which is not sorpos to be normal, but there is no how government will hold a debtor to pay back his loan after death, but this things can be fixed by colethral agreement. Sothat after passing away such agreement can be used to pay off the loan owed by the debtors before they pass on.

[klidex]

Indeed, that is what will happen if the gambler dies but has not paid off the debt, then the family will bear the consequences even though the family does not eat the money that has been borrowed but has to bear the burden which should not be their responsibility and if the loan is large and includes collateral then the family will lose one of the valuables because the borrower uses collateral. But if you borrow without collateral, the family is also obliged to pay because if you don't pay, the family will most likely be sued by the person who lent the money, the person who lent the money doesn't care even if the borrower has died because the most important thing is for them they can get the money back along with interest which the borrower must bear somehow.

This is like the case of my neighbor, my friend's father borrowed money from a fairly large bank and used a mortgage, the borrower used it to gamble but for some reason the money didn't produce anything and over time it ran out and not long after, his father died and the family was forced to bear the burden. created by his father and because they were poor and didn't have a job, their house was confiscated and finally the family was burdened because they no longer had anything. This is what makes us think twice if we want to borrow money to gamble.

[dansus021]

If you ask like this Is it possible to inherit a debt? the answer is yes most of the debt is inherent to their kid or relatives when the person that has debt is die, and in this case the debt to other user not a debt with bank or loan App like Defi or something like that.

and if the question like this Is it possible to inherit a gambling debt? Just don't do gamble frennn if you don't have money I mean what are you doing if you still insist to do gamble then use a collateral don't inherit your debt to someone else

[Dewi Aries]

If you ask like this Is it possible to inherit a debt? the answer is yes most of the debt is inherent to their kid or relatives when the person that has debt is die, and in this case the debt to other user not a debt with bank or loan App like Defi or something like that.

and if the question like this Is it possible to inherit a gambling debt? Just don't do gamble frennn if you don't have money I mean what are you doing if you still insist to do gamble then use a collateral don't inherit your debt to someone else

Yes it is true, that when the person with the debt dies then the responsibility will pass to their family members such as their children or siblings or spouse, but I think this covers all loan services, or what it means is that no matter where they borrowed then eventually the loan service will look for people closest to them to be held accountable which usually if they cannot pay the debt then the service or even confiscate certain items or assets that have the same value as the loan amount.

Yes, the point is that if you or anyone does not have money that we can be responsible for if in the end we lose then it is clearly better not to gamble at all, there is no other way but not to do it because after all prevention is always better than cure, and we can see that lately there are quite a lot of addicted gamblers who have problems in terms of loans such as debt.

[Accardo]

If you ask like this Is it possible to inherit a debt? the answer is yes most of the debt is inherent to their kid or relatives when the person that has debt is die, and in this case the debt to other user not a debt with bank or loan App like Defi or something like that.

and if the question like this Is it possible to inherit a gambling debt? Just don't do gamble frennn if you don't have money I mean what are you doing if you still insist to do gamble then use a collateral don't inherit your debt to someone else

Yes it is true, that when the person with the debt dies then the responsibility will pass to their family members such as their children or siblings or spouse, but I think this covers all loan services, or what it means is that no matter where they borrowed then eventually the loan service will look for people closest to them to be held accountable which usually if they cannot pay the debt then the service or even confiscate certain items or assets that have the same value as the loan amount.

Yes, the point is that if you or anyone does not have money that we can be responsible for if in the end we lose then it is clearly better not to gamble at all, there is no other way but not to do it because after all prevention is always better than cure, and we can see that lately there are quite a lot of addicted gamblers who have problems in terms of loans such as debt.

It's tempting mostly as a gambler to pick up borrowing money as the option to solve the problem of not having money for gambling. Have watched multiple families complaining bitterly online about the challenges they're facing regarding the loan their parents took for gambling purposes before leaving the world. However, the information that loan sharks require to hand out money to people is quite too enormous to make a gambler feel threatened not to borrow the money again.

I've been there and was not conductively convinced to borrow money because I had to fill a form that gets the phone number of my family and friends. In a decentralized world as this, information is the most important of all. The worst thing about being a gambler is getting our loved ones into severe trouble even when we are not here. Instead of instigating such traumas on them, it's better to relieve ourselves of gambling with borrowed money and wait until we've made money, then gambling can be the next option.

[shivansps]

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?

I think it depends on the law, but personally I think that none of the children should pay off debts for their parents. You can understand when a person took out a loan to buy a house or build it. Everything here is clear and simple. The house will be inherited by the children, they will have to pay for it when they are able to do so, or the house will be sold and the difference will be returned. It’s another matter when a person took money and spent it at his own discretion, leaving nothing behind. Why should children give money here?

[teamsherry]

It depends on how the loan is inquired and the conditions in place before the laon deal is struck, if there agreed to take a collateral then the lender would have to take that collateral should in case he dies or anything happens or if his family can pay off the debt then no issue, but if its a non collateral loan then I don't know how it would go down cause the trusted party has died and his family might chose not to bear the burden of the loan, when dealing with giving out loan whether to gamblers or non gamblers is good to take a collateral that is worth Your money cause taht that is equal to gone if s/he is a very irresponsible one.

[ndutndut]

It is very possible to inherit gambling debt, by nature and custom, after the death of either the Father or Mother the children or family left are expected to pay the debt if demanded. I have read and also heard about cases like this, and is so bad to pay a debt which was used for gambling with interest already yielded.
This is one of the many reasons I emphasize on limits, risk control and Moderation in gambling because only an addicted gambler will borrow money just to gamble to satisfy his urge.

In my country, if a person dies still has debts, they must be paid off by their surviving children or wife by selling the assets or valuables left behind by the deceased person to pay off all debts, including gambling debts. Cases like this often occur so it is not surprising that many people hate gambling because it has damaged the minds of many people with the winnings on offer, making them trapped in debt.

This is the result of someone who is addicted to gambling will do anything to get money so they can gamble even though the money comes from debt. They don't think about the impact in the future, even though a debt is still a debt that must be repaid even if the owner of the debt has died. Gambling addiction is not only a problem for ourselves but will also be a nuisance for those closest to us, therefore gamble responsibly. Use OP's case or cases in our environment as a lesson for us so we can be smarter in carrying out gambling activities.

[GideonGono]

I think it would depend on the contract that they signed, but I guess it is possible and it is happening in some countries.
Even if it isn't gambling debt, just a normal loan there are times that the children would inherit it, and the collectors would come to the family members.

[Wiwo]

If the loan is taken from an individual and there is an agreement it shows that the family will have to pay off the debt and at the level of that the one own will have to take a legal action if the family refuse to take care of the debt outside the court. 

Also if the loan is taken from a bank that will be an automatic demand and requirement, because the collateral for the loan will be revoked and taken in as the property of the bank, this collateral could be landed property even a family house.

[Tmoonz]

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?

This act is mostly associated with those indulging in irresponsible gambling, which includes borrowing money to gamble, betting more than what they can afford to loss, gambling in order to make profit rather than a game or fun play, that reminds me of senerio cases where a family lost one of their only inherited landed property their late used for collateral unknowingly to them not until the death of their late father which was not even equivalent to the amount owed, what a tragedy. However, greed is one of the thing that will any one to borrow money in order to gamble, staying within your allocated fund for gambling is the best where if you lost you lost and never chase losses for he who fight and run away lives to fight another day.

[tread93]

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?

Man, isn't that the opposite of leaving an inheritance? Maybe have to call that one an outheritance because they ain't getting squat but have to shell out instead when their dad dies. Especially if he was a POS gambler, its one thing if he was at least present and has a good relationship with their family but if he was a shit dad and a shit gambler then that's quite a double whammy. Whether or not it can be talked through in a court of law I think it just depends on the country and laws, i'm not so sure it would work tho I think most folks are tied to family debt and can't get away with it at least thats how it is in the US.

[LogitechMouse]

~

Generally speaking, debt of any kind can't be inherited to your heirs (and they aren't responsible as well), but there are legal actions that the creditor can do to pay those debt.

The total value of the assets and liabilities can be used to pay those debts (including gambling debts). Now if the total value will not be enough then the creditor will get a portion or maybe all of those assets to at least pay those debts. I believe these needs legal actions, but most of the time especially when it's a small amount of debt, it's often being forgotten. This depends on the country though, but most are doing this.

I know some here in our community who are now deceased that has debts when they're still alive, and they just completely forgotten it. Both the creditor and the side of the deceased borrower agreed on it though.

[Sakanwa]

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?

that's why it's not good to become so addicted to gambling, and if you watch very well it's only the addicted one's behave this way. And it's because of this set of people that makes gambling looks so bad in the eyes of the society, which are the addicted ones and when you're addicted it doesn't only affect you it's also affect your self-esteem and your relationship, relatives. Why because once you go too far or to the extreme of loaning money it will surely involve your love ones, of which in the process while gambling then you lose it all. And you can't afford to pay off the debt all by yourself, the owner of the money most involve your relationship or your family's so that's why the society sees gambling as an effective or insane people.

[Sakanwa]

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.

what if the person loaning money is not aware that the money it's for gambling? No matter collateral it'll surely involve to your relatives because gambling it's not a everyday winning and we all know that it's a game of luck and risk. I believe all gamblers in the world knows that it's a game of risk and luck but what is that thing that always gives them stronger feelings, that they'll definitely win no matter what and they'll go to the extend of borrowing money from someone meanwhile not knowing the two elements of gambling. *Risk, *luck. Do you think they're at their normal senses? While knowing this two elements and still go ahead to borrow money.

[Dewi Aries]

Yes it is true, that when the person with the debt dies then the responsibility will pass to their family members such as their children or siblings or spouse, but I think this covers all loan services, or what it means is that no matter where they borrowed then eventually the loan service will look for people closest to them to be held accountable which usually if they cannot pay the debt then the service or even confiscate certain items or assets that have the same value as the loan amount.

Yes, the point is that if you or anyone does not have money that we can be responsible for if in the end we lose then it is clearly better not to gamble at all, there is no other way but not to do it because after all prevention is always better than cure, and we can see that lately there are quite a lot of addicted gamblers who have problems in terms of loans such as debt.

It's tempting mostly as a gambler to pick up borrowing money as the option to solve the problem of not having money for gambling. Have watched multiple families complaining bitterly online about the challenges they're facing regarding the loan their parents took for gambling purposes before leaving the world. However, the information that loan sharks require to hand out money to people is quite too enormous to make a gambler feel threatened not to borrow the money again.

I've been there and was not conductively convinced to borrow money because I had to fill a form that gets the phone number of my family and friends. In a decentralized world as this, information is the most important of all. The worst thing about being a gambler is getting our loved ones into severe trouble even when we are not here. Instead of instigating such traumas on them, it's better to relieve ourselves of gambling with borrowed money and wait until we've made money, then gambling can be the next option.

In fact, it is a fact that loans are a service that is truly useful, especially for people who really have urgent problems that require them to spend money at the right time to solve the problem, but borrowing money just to gamble is clear. It shouldn't be done, because gambling is not something that should be prioritized. This means that loans are only allowed to be used when you or anyone else has an urgent problem that can only be solved with money and outside the context of gambling.

 But yes, lately gamblers are always trying to use loans as an alternative to fund their gambling habits, and I am sure they are doing this because they are unable to resist all temptations in gambling. And on the other hand, I am sure that the children or families of the gamblers do not know that their parents have such large debts, because of course the gamblers will borrow secretly because the money will be used for gambling. And in the end, this action will only cause problems for the family members left behind. The point is that I would say that it doesn't matter if you want to get involved in gambling, but make sure that you are able to treat gambling well, the aim is none other than so that we or our family members do not have a bad impact due to the actions we have taken.

[redsun114]

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?

Banks will never lend money to someone who cannot afford to pay it back. If you want to take a loan from a bank or an organization, you have to keep some collateral or show a strong source of income and give a loan after taking the signature of some guarantors, so no one will take a loan and do not care where the money will be used. If the loan is overdue, they will own the collateral or collect the money from the guarantors. such is the case with loans.

You are right but some people don't know this, they either don't know it for real or act like they don't because we live in an era where no one can be unaware of something this important, but we also often see people willing and trying to take loans from banks and other organizations when they don't have a stable source of income without understanding that they are not going to get anything from them without any valid collateral.

In some countries, banks and organizations would give out small loans to people and businesses without requiring a lot of paperwork but the amount given wouldn't be a lot and it can barely be enough for an individual to do something or for a business to expand their business with the money.

[ethereumhunter]

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.

what if the person loaning money is not aware that the money it's for gambling? No matter collateral it'll surely involve to your relatives because gambling it's not a everyday winning and we all know that it's a game of luck and risk. I believe all gamblers in the world knows that it's a game of risk and luck but what is that thing that always gives them stronger feelings, that they'll definitely win no matter what and they'll go to the extend of borrowing money from someone meanwhile not knowing the two elements of gambling. *Risk, *luck. Do you think they're at their normal senses? While knowing this two elements and still go ahead to borrow money.

Someone who borrow money for gambling will not tells the reason he borrow the money to his family. Even he will not tells his family that he gets the money from borrowing the money and he use it for playing gambling. But when he lose that money in gambling and hides himself from the lender, his family will meet with the lender and must repay the money. The lender will not stops to asks them to repay the money and that can gives more troubles for that family if they can't repay the money.

So when someone borrow money and died, his family must repay the money except there's an agreement from the lender that they doesn't have to repay the money. But if that debt is for playing gambling, his family must gives back the money because that person borrow money for playing gambling and lose the money in gambling.

[sompitonov]

Each country has its own laws regarding debt repayment. When someone dies and leaves behind large debts, for example after a gambling addiction, it is logical to assume that they are transferred to close relatives, such as the wife and children, perhaps the parents of this gambler. Why is this happening? Because obligations come first, and the bank is only interested in having cash flows and cannot eliminate these debts. If they wiped out these debts, the banks would eventually go bankrupt. Bookmaker establishments will also not pay these debts, because they have legally protected themselves with excellent lawyers from such cases, so only close relatives remain.