Rhode Island Bankruptcy Attorney on Bankruptcy and Gambling Debts

There are plenty of opportunities to gamble in Rhode Island and neighboring states. Between casinos, lottery tickets, online gambling, and informal sports betting, it is all too easy to get hooked.

Gambling addiction is a serious problem that affects men and women of all ages and income levels. It can devastate your finances, your job, and your relationships. Often spouses do not know that their husbands or wives are spending the rent or mortgage money on gambling.

Rhode Island bankruptcy attorney John S. Simonian, has more than 20 years of experience helping people get a new financial start. Gambling debt is a common reason for filing bankruptcy.

How It Happens

Gambling debt is most often credit card debt. Individuals who gamble get cash advances on their credit cards at an ATM machine at the casino or elsewhere. If they have reached the limit for cash advances, they may use the credit card to purchase high-ticket items from an electronic store and pawn the merchandise to get more money for gambling.

Bankruptcy trustees understand that debt due to medical bills or divorce or unemployment are legitimate hardships. They are less understanding about debts from gambling. These debts are not automatically wiped out.

Notevery bankruptcy lawyer understands how to handle large gambling debts.Attorney John S. Simonian has helped many people struggling with gambling debts start over through bankruptcy.Each case must be individually evaluated to determine the most effective approach.

A Case Example

In one case, Mr. Simonian represented a man who accumulated $180,000 in gambling debt from multiple trips to Las Vegas. He worked as a bus driver, making $12 per hour. To pay even the minimum amount he owed on his credit cards would have taken several months' wages.

Interest kept accumulating on the debt. After the two-year period, our client owed $260,000. Attorney Simonian filed for bankruptcy and the debt was discharged. Since the debt was old, the creditors had already written it off.

Do not assume that an experienced bankruptcy lawyer cannot help you. If you are struggling financially because of gambling debt, please call John S. Simonian, Attorney at Law at 401-941-4800 or contact him online.He understands what you are going through, and he knows how to help.

From offices in Providence, bankruptcy attorney John Simonian represents clients throughout Rhode Island, including residents of Warwick, Cranston, Pawtucket, East Providence, Woonsocket, Central Falls, and West Warwick.

The Law Office of John S. Simonian, Attorney at Law
Bankruptcy Lawyer for Rhode Island & MA.
474 Broadway Pawtucket, RI 02860 
phone: 401-941-4800 fax: 401-785-8313
email: john@law-ri.com
We help clients throughout all of Rhode Island including Providence, Warwick, Cranston, Pawtucket, East Providence, Woonsocket, Coventry, Cumberland, North Providence, South Kingstown, West Warwick, Johnston, North Kingstown, Newport, Smithfield, Lincoln, Central Falls, Barrington, East Greenwich, Bristol, Warren, Tiverton, Burrillville and Westerly. We serve all towns in Massachusetts including Attleboro, North Attleboro, Millville, Blackstone, Bellingham, Uxbridge, Millis, Plainville, Wrentham, Franklin, Seekonk, Swansea, Mansfield, Foxboro, Mendon, Douglas and Rehoboth. The Law Office of John S. Simonian is a debt relief agency helping people to file for bankruptcy protection under the U.S. Code. The State of Rhode Island does not have a procedure for the certification of specialization of attorneys.
John Simonian Attorney at Law
474 Broadway
Pawtucket, RI 02860
Phone: 401-941-4800
Whether or not a personal bankruptcy filing is really the best solution for YOU... is something to consult RI bankruptcy Attorney John Simonian about, first.
Attorney Simonian offers a FREE, no-obligation consultation to help understand your options, and if need be, assist you through the bankruptcy process.