When you walk into a casino for the first time, it may be all fun and games and you have a good time. For some, that experience stays just that – fun. For others, gambling can evolve into a mean and cruel addiction.
After a while, the addiction may leave you very indebted to a casino. This may lead to some casinos, as with Foxwoods and Mohegan Sun in Massachusetts, placing liens on your home.
Yes, that’s true. If you go into a casino and rack up a ton of debt that you can’t pay back, they may want your property.
Some gambling industry experts say that going after someone’s house is an extreme thing to do that they don’t see happen often.
“Frankly, I have not heard of any casino company that goes after homes,” said I. Nelson Rose, a professor and expert on gambling law. “It’s really extreme.”
However, staff executives of these casinos argue that what they’re doing isn’t as extreme as any other gambling debt collection method.
All of this can be avoided though.
If you’re addicted to gambling, you first need to seek some counseling to resolve that issue.
If gambling has put you in debt, a bankruptcy may be right for you. It’s your best bet to speak to an experienced attorney to find out.
At Darrell Castle & Associates, we care about you and want to see you get out of debt and on to a better life – a life without fear of losing your home.
Bankruptcy is nothing to be afraid of. In fact, with the right attitude and lifestyle changes along with a little patience, you can come out of a bankruptcy better than you went in.
We have a program that will help you with these steps, called “7 Steps to 720.” This program, which is free for our clients, teaches you:
- How to rebuild your credit the right wayWhy most credit scores are wrong
- Which credit cards actually hurt your credit score
- How to stop lenders that report the wrong information
- How to re-establish your credit after a bankruptcy, foreclosure or short sale
If you’re considering bankruptcy or if you have any questions, please contact us today, either online or by calling us at (901) 327-2100. One of our experienced Memphis bankruptcy attorneys will be ready to speak with you, free of charge.