Is it possible to inherit a gambling debt?

[Webetcoins]

It could definitely be settled in court, but the defendant needs to pay up the money. That statement depends on where the loan came from; if it were a bank loan, the already paid collateral will be used to clear the loan and, there's certainly no case for his children. If he got it from any other monetary institutions, it'll not just need a refund but they'll calculate penal interest, should he fail to make payment .

What's the essence of putting people through some unnecessary stress of working to pay up a huge debt that you accumulated, all by yourself? What ideas are you passing on to your kids on good parenting?

As far as I understand, if the loan comes from a bank, then the loan will be paid off when the borrower dies and family members no longer need to be burdened with the loan. However, if the loan is from a third party, for example a loan shark or cooperative, which has a loan agreement which states that family members need to pay the loan even when the borrower dies, then the family members or children will inherit the loan. And that is what usually happens in casinos, where they design the loan to be passed on to family members/heirs appointed by the borrower. And people like this who are in debt and pass on their debts to others are the type of people who are selfish and have no feelings.

I have never heard that banks don't take loans from the family members of a person if they pass away because when you are filling a loan for anything in a bank, you are asked for all this information and they don't do it uselessly but they do it only for such purposes so that they can contact those people on behalf of the person writing the application or taking a loan just in case they disappear or don't pay the loan or even if they pass away.

A good idea for people taking gambling loans or any sort of loans would be to have life insurance so that when they pass away, their family get some money that they can use to repay the loans they have taken when they were alive. This way, their family members wouldn't have any burden when they leave this world.

[Dr.Bitcoin_Strange]

Well, yes I think debt can be inherited from parents or relatives, depending on the person that is very close to the debtor or the person that stood as a guarantor for the gambler. Before someone takes loan, they usually use someone as their guarantor which is liable to pay the loan if the real borrower is unable to repay or perhaps the person dies. If the children of the borrower are wealthy enough, they will be entitled to clear their dad's debt to avoid drama from the lender. This kind of issues have caused several issues in my place.

Why would someone inherit gambling debt? This is ridiculous and I don't think this would be accepted everywhere.
There are some places where inheriting gambling debt is impossible and can never be tolerated. Everyone needs to carry their cross and should not be extended to others that do not partake in it. Gambling debt can be possible in some advanced countries but their world be a lot of consideration that need to put into a book. I think for a person to inherit gambling debt, their should be a written agreement or something that would be shown in court that such an agreement to structured on behave of the two parties with a written legal reference.

In my comment, when I said that "borrowers often uses a guarantor because it is most times requested by the lender" I was not only referring to debts incurred for the sake of gambling. I was generally referring to loans collected for what so ever reasons. It doesn't means if it's for gambling purpose, medical purpose, business purpose and personal use. Loan is what it is no matter the purpose it was used for.

Take for example, someone collected a loan and used his house as a collateral without any guarantor and used the money to gamble and lost it. Due to some circumstance, he passed away and couldn't repay the loan. If the kids of this man is alive and they have the financial capability to repay the loan, will they repay it or allow the house of their Dad to be claimed by the lender?

 Such a situation will definitely force the children to repay the loan or stand the chance to lose their fathers house.

In that situation, what the money was used for doesn't matter to the lender.

Well, yes I think debt can be inherited from parents or relatives, depending on the person that is very close to the debtor or the person that stood as a guarantor for the gambler. Before someone takes loan, they usually use someone as their guarantor which is liable to pay the loan if the real borrower is unable to repay or perhaps the person dies. If the children of the borrower are wealthy enough, they will be entitled to clear their dad's debt to avoid drama from the lender. This kind of issues have caused several issues in my place.

First of all, there is no debt as "Gambling Debt". A debt is a debt, no matter for what purpose you took it. It makes no difference whether the debt was taken to gamble or for any other purpose, it has to be repaid.

I was not specific on any debt, my comments clearly suggest that I am not specifically referring to only loans collected for gambling sake. As a matter of fact, if loan is collected, what ever the loan was used for doesn't primarily concern the lender. The lender's primary concern is to get his money and interest back from the borrower.

[Gheka]

I have often heard about such incidents where the gambler or let's say the person in debt passes away and then their family had to repay the debt.
So yes, in many the debt is inherited by his family and in some cases I guess the debt becomes invalid since the person himself passes away.
But according to me people should not let the debt be passed on to their family at first place.
If someone is taking a debt they should make sure to clear it out ASAP and if not then they should have a back up plan in place in case of such mishaps so that their loved ones don't suffer.

However, the heirs will be obliged to pay off the debts left behind. whether the money is used for gambling or other purposes. heirs or family members cannot just claim or enjoy pleasure when they have money alone. but when a person dies but still leaves debts, then there is an obligation for family members or heirs to pay those debts.

but we don't know what the agreement is between the lender and the person who borrows. but in my opinion, the debt still has to be paid. even with requests for relief or other forms of negotiation.
Of course we have to see the proof and legality of the loan made. it could also be an opportunity for blackmail that could occur to the heirs. We also have to see whether the loan uses collateral or not. because it is related to the assets owned, of course it must be resolved properly.

Don't you think that's not fair ? What happens in case a gambler takes a loan and loses it and then dies ?
Why is his family obliged to pay the debt ? I know that if he would have won then he would have spent some portion of the money on his family but that doesn't mean he took their permission to take the risk to gamble.
Also, there might be a chance that the person who gave t him loan would have cheated the gambler's family and made them pay more than what was asked.

There is no theory of fairness here, it is an agreement between the borrower and the lender, and if we have agreed to such terms, it is difficult for us to label this as an injustice because almost both sides are at a voluntary level, although this family may be dragged into these contracts, papers and documents are the clearest evidence, agreeing that there will be a level of sympathy for the family. However, corporations and lending systems also have employees and their families, and cannot afford to lose money in such a way, it will certainly be the original price and a little interest but looking at the situation, they will adjust so that both sides are in harmony

[Bravut]

Well, yes I think debt can be inherited from parents or relatives, depending on the person that is very close to the debtor or the person that stood as a guarantor for the gambler. Before someone takes loan, they usually use someone as their guarantor which is liable to pay the loan if the real borrower is unable to repay or perhaps the person dies. If the children of the borrower are wealthy enough, they will be entitled to clear their dad's debt to avoid drama from the lender. This kind of issues have caused several issues in my place.

Why would someone inherit gambling debt? This is ridiculous and I don't think this would be accepted everywhere.
There are some places where inheriting gambling debt is impossible and can never be tolerated. Everyone needs to carry their cross and should not be extended to others that do not partake in it. Gambling debt can be possible in some advanced countries but their world be a lot of consideration that need to put into a book. I think for a person to inherit gambling debt, their should be a written agreement or something that would be shown in court that such an agreement to structured on behave of the two parties with a written legal reference.

In my comment, when I said that "borrowers often uses a guarantor because it is most times requested by the lender" I was not only referring to debts incurred for the sake of gambling. I was generally referring to loans collected for what so ever reasons. It doesn't means if it's for gambling purpose, medical purpose, business purpose and personal use. Loan is what it is no matter the purpose it was used for.

Take for example, someone collected a loan and used his house as a collateral without any guarantor and used the money to gamble and lost it. Due to some circumstance, he passed away and couldn't repay the loan. If the kids of this man is alive and they have the financial capability to repay the loan, will they repay it or allow the house of their Dad to be claimed by the lender?

 Such a situation will definitely force the children to repay the loan or stand the chance to lose their fathers house.

In that situation, what the money was used for doesn't matter to the lender.

Well, yes I think debt can be inherited from parents or relatives, depending on the person that is very close to the debtor or the person that stood as a guarantor for the gambler. Before someone takes loan, they usually use someone as their guarantor which is liable to pay the loan if the real borrower is unable to repay or perhaps the person dies. If the children of the borrower are wealthy enough, they will be entitled to clear their dad's debt to avoid drama from the lender. This kind of issues have caused several issues in my place.

First of all, there is no debt as "Gambling Debt". A debt is a debt, no matter for what purpose you took it. It makes no difference whether the debt was taken to gamble or for any other purpose, it has to be repaid.

I was not specific on any debt, my comments clearly suggest that I am not specifically referring to only loans collected for gambling sake. As a matter of fact, if loan is collected, what ever the loan was used for doesn't primarily concern the lender. The lender's primary concern is to get his money and interest back from the borrower.

You are right. The lender has no business whatsoever concerning how the borrower spent the money, the borrower many at times would not explain what the money was used for to the family, probably might give half portion for family projects use the rest for gambling, sometime the family know nothing about it, so when the next of kin is alive, the collateral is valid, nothing can be done rather than pay. It would be embarrassing to have the capacity to and not pay, the only thing wrong here is the borrower should make the family aware.
Borrowing money to gambling is one of the most stupid action any gambler would take.

[junder]

Gamblers try hard to get loans from people close to them after their funds are exhausted. My friend lost money by gambling after taking a loan from me. Now I can't contact him in any way and he is far away from me.I didn't realize that he would gamble with money from me. I would have never given him a loan if I could. Several days after the loan I was able to leave, he gambled with loans from several other people and exhausted the funds.

This is done by gamblers who are already addicted to gambling, because if they become addicted to gambling they will not be able to stop gambling even though they have experienced many losses and defeats. as you said, when gambling addicts run out of money they still have a mind where they can think about doing things that can make money, but the mistake of thinking like this usually leads to negative things such as stealing other people's rights, or borrowing money. Borrowing money to gamble is of course the wrong choice because this can endanger themselves and their families if the addict cannot pay off the debt. However, this may only be done by official borrowers such as banks which are large money companies.

Apart from that, addicts may initially borrow from friends or people close to them. In my opinion, this is unlikely to involve the addict's family, but there is a chance of this happening if the friend who lent the money tells the addict's family that he already owes a certain amount of money. to gamble, and when this happens I think the addict and his family will experience serious conflict because the addict has taken quite excessive actions. With what you are experiencing, maybe you can involve the addict's family in the way I have mentioned above. unless you really let it go.

[piebeyb]

Borrowing money to gambling is one of the most stupid action any gambler would take.

Yes, that's right, it's clear that it's not a good decision when gambling, you have to borrow money, let alone be in debt to loan sharks, don't inherit debts from your family, don't let yourself as a human being from life cause trouble to your family because of gambling or addiction and then die and leave debts and inherit them to your family, that's it. not the right way, don't be too quick to decide to borrow money, especially if you don't have the knowledge to pay it back, it will definitely be difficult in the future.

I often hear about many cases of gambling addicts who commit suicide because they are in debt, so many lives are wasted just because they are in debt because they are gambling addicts, it is time to open their eyes to this, that gambling is not a game that can make players fast. rich, that doesn't exist in reality and in fact more people lose money from gambling, that's why gambling is actually just a place of entertainment to have fun, not to make money or other things that can harm yourself, gamble wisely, use the money you are ready to lose It will definitely prevent us from getting addicted, let alone wanting to go into debt to gamble.

[Juse14]

It's very possible that some may have to inherit this even though it's a bad thing to see happening, there are laws and agreements in place that surrounds some gambling deals between the gambler and the gambling platform, whereby they may engage into agreements and make use of the surety or something to serve as collateral, some in their own foolishness will also make use of any of their close related family member to stand in for them, gambling is not a thing of force to do, we have to consider the future implication of everything we are doing and how such could affect others arounds us.

Gambling is not meant to be forced but there is a broader perspective. Gambling practices have a detrimental impact on the financial and emotional health of a family. Laws must be firm and regulations must be tightened to protect communities and households from the threat of excessive gambling which can have a negative impact on their lives.

In contrast, most gambling platforms operate on simple terms and conditions: players are assumed to understand the risks they are taking. In addition, the platform provides users with various tools to help with responsible gambling, for example setting deposit limits or self-excluding from playing.

The contribution of education and awareness cannot be ignored in overcoming the negative impacts of gambling. It is important for people to be well informed about the risks involved and how to gamble safely. A comprehensive method must be adopted where we aim to limit the negative impacts of gambling, allowing individuals to gamble without restrictions but responsibly.