Is it possible to inherit a gambling debt? - page 9.

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Quote from: 2Pizza410000BTC on March 02, 2024, 09:04:48 PM

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Quote from: Accardo on February 29, 2024, 06:52:57 PM

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?

There are many people who take loans to participate in gambling, they go into a lot of debt to get loans, so lenders come to them for loans, they have to sell their houses and land to pay off their loans. I have seen many people around me who take loans from moneylenders to gamble. They take loans and participate in gambling and at some point they lose everything as lenders come to them for loans, they have to sell their houses and land to pay off their debts. Such gamblers are the most hated people in the society, especially in the rural society these people are very hated by all the people. A small budget should always be used for gambling and never more than a small budget. Those who have spent all of their life's income on gambling are the ones who suffer the most and end up in debt.

When a gambler becomes addicted to gambling, the possibility of controlling his gambling activities becomes almost impossible and at that time, he's very likely to make decisions that'll affect him deeply. I've been opportuned to see gamblers who sold off almost everything in their custody including the ones they that aren't legally their own just to fund their gambling addiction and I've also seen others who went as far as borrowing money from money lenders while using their landed properties as collateral just to also find their gambling addiction. But the good thing about the above mentioned actions some addicted gamblers take is that they'll end up suffering the consequences of their actions by themselves unlike what happens when the take loans without a collateral and probably promise the loanee that they're going to pay later and dies without paying those loans.

When a gambler takes a loan or borrows money and fails to repay before dying, the debts are in most times going to be inherited by his close relatives who will now have to go through the pain of paying for a debt they didn't know when it was incurred but that's not the most painful part of paying such debts. The most painful thing about paying for such debts is that the debts will be payed with the knowledge that the diseased used the proceeds of the borrowed money to gamble. My opinion about this kind of scenerio is that the law should be more kind to the relatives of such person so they stop paying for a debt they didn't incure

When a gambler borrows from his moneylender, he never borrows from the moneylender by telling his moneylender about gambling, he always borrows from the moneylender by telling his moneylender about family difficulties or some other difficulty. When a moneylender is given a loan due to family difficulties or for the treatment of a sick person, the moneylender is bound to give the loan because the moneylender's duty is to stand by the family of his worker. But here I want to say that the moneylender must talk to his family and give the loan to his worker after asking what he is using. There are many people in my area who tell such lies to their close relatives and participate in gambling by taking money from moneylenders. There comes a time when they become so addicted to gambling that they are forced to commit suicide or leave the country for a distant country. So if every close relative moneylender is careful it is possible to solve such problems.

We're dealing with a genuine issue, not an excuse playground. Fraudulent borrowing? That route is ethically treacherous. Money isn't everything; trust is. If that breaks, good luck reconstructing

However, the gambler is not solely responsible. Two-way street. Moneylenders (or family and friends) must be more careful. Accountability and support are essential. Question, demand transparency. It's not prying; it's preventing disaster. Let's not demonize gambling. Hobbies are different from habits. Responsible, limited gaming is healthy. Like fire, it's a tool when controlled but a calamity when uncontrolled

Kelward

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People inherit depts, whether the deacesed borrower used it for gambling or for any other purposes, but it'll be most painful for a person to inherit a dept that was used to gamble, especially if there was no wealth left behind to show for the deacesed gambling. If it's proven that the lender knows that the borrower was going to use the money for gambling and went ahead to borrow him, then I believe that who inherited the dept can have a case against the lender not to repay the loan. People should be responsible about gambling, that's why it's said that we should gamble with the amount that we can afford to loose.

robelneo

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Quote from: Accardo on February 29, 2024, 06:52:57 PM

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's an added burden to the family of the deceased, but here in our country the law protects the lender there is a law that the family of the deceased will inherit the debt, and the properties of the departed should be sold to buy all the debts of the deceased whatever the debt comes from, even on gambling.

This is why it's not recommended that a gambler take a loan because if an unexpected happens, the family will have an additional burden, and if the loan is too big the family will bear the burden for a long time depending on how huge the loan is.
It's better to sell a property than take a loan, a loan should be taken in times of emergency, or if you have a business venture and there's potential profit on that venture.

Baki202

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Quote from: AnonBitCoiner on March 02, 2024, 10:49:27 PM

Gambling is a bad thing and because of gambling if one person takes a loan then every other individuals of a family suffer from this thing because most of the time gambler takes laon and then go away from the sight leaving behind their family who suffers alot due to such burden.

It is reality that gambler loss all the money before passing away in gambling and also he has taken laon as without burrowing money he cannot sustain gambling. After leaving the world, the family members feel sad for his father's act as everyone is not able to give such a huge amount to lender and this is a reason that gambler loss their respect in society.

I don't think that is right everyone that gambles, gamble at there own responsibility. And a gambler putting is family in danger i don't also think is right because plenty of gamblers always want to keep there gambling habit a secret. And It is really not important to take a loan to gamble. But since gambling is all about risk if the bettor should win, he could pay back the loan and make profit out of it sometimes the risk is worth taking. And eventually if the bettor should take a loan and went out if sight then I don't see the reason why the family should be held accountable for such act.

The person giving out the money on loan for the bettor should know the risk behind borrowing a gambler money because if he does not pay back. If does not win another money from gambling then it will be difficult to pay if not that he or she as a job. And if the bettor is a professional gamblers then the person have to wait until there is a win.

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Quote from: moneystery on March 03, 2024, 03:48:03 AM

Quote from: 2Pizza410000BTC on March 02, 2024, 03:37:21 PM

There are many people who take loans to participate in gambling, they go into a lot of debt to get loans, so lenders come to them for loans, they have to sell their houses and land to pay off their loans. I have seen many people around me who take loans from moneylenders to gamble. They take loans and participate in gambling and at some point they lose everything as lenders come to them for loans, they have to sell their houses and land to pay off their debts. Such gamblers are the most hated people in the society, especially in the rural society these people are very hated by all the people. A small budget should always be used for gambling and never more than a small budget. Those who have spent all of their life's income on gambling are the ones who suffer the most and end up in debt.

these types of people are the worst because if it's his own home, it doesn't matter, the problem is that it's the home with his family, where he lives with his wife and children, it's very sad to see a family become homeless just because the head of their household was involved in gambling debts. it would be too selfish if he only thought about his own pleasure and didn't think about what would happen to his family in the future. and usually people like this will be hated by their wives and children.

Yes, it is true that this is indeed a very worrying situation, and this can really be a reason that the impact of gambling addiction can cause many problems, not only financially but destroying all their family relationships and also obviously with problems like this, their family will be displaced due to the behavior of a father who is too reckless and excessive in gambling and has to lose their only place of residence along with other assets they own such as land or anything else to pay off debts.

This is the danger when someone has entered the addiction phase, especially if that person's background is not good, or that means they have a personality that is quite sensitive and easily provoked, then clearly this behavior will encourage more impulsive gambling activities, because usually people who easily provoked, they will be easier to get emotional and clearly I can't imagine what decisions they will choose when they are in a stressful situation with lots of pressure, especially when they have a problem of piling up debt. Yes, I also agree with you that most of his family will hate him, but yes, the rice has become porridge and there is nothing they can do except accept the situation and circumstances. I think we can really learn from this by always implementing lots of actions. prevention when gambling.

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I've heard of families getting harassed by collectors but not debts being transferred over to them. I guess it's illegal to do that unless you have a contract or a binding agreement wherein if you failed to pay your debt or say, you happen to die and still have unpaid debts, your family will shoulder that debt and will be in charge of repaying it all. I'm not entirely familiar with how this works, but I know for a fact that if someone dies and they left you as a beneficiary of their estate/will, the liabilities will be transferred unto you, and you have to continue that obligation.

I personally won't leave any liabilities to my family, and I'll make sure to clear all of those before I pass. Organizations looking to go after the immediate family for unsettled debts without contracts due to gambling or whatever reason is simply predatory.

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Quote from: Accardo on February 29, 2024, 06:52:57 PM

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?

There are some possible ways that you could inherit gambling debt, but they will generally be cases where you have agreed to be a guarantor on a loan or opened a joint account on a credit card. Most countries have laws that do not pass down debt, but they may extract any outstanding debt from the estate of the deceased before the remainder gets distributed as per the will. If the person has no other assets to distribute at the time, then the company that lent them money will have to accept the loss. It would not surprise me if certain countries were less forgiving when it came to debt and who must pay it, so you'd have to do research on this area for the country you live in. I don't think anyone is getting especially angry about this area in relation to gamblers..

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Quote from: 2Pizza410000BTC on March 02, 2024, 03:37:21 PM

There are many people who take loans to participate in gambling, they go into a lot of debt to get loans, so lenders come to them for loans, they have to sell their houses and land to pay off their loans. I have seen many people around me who take loans from moneylenders to gamble. They take loans and participate in gambling and at some point they lose everything as lenders come to them for loans, they have to sell their houses and land to pay off their debts. Such gamblers are the most hated people in the society, especially in the rural society these people are very hated by all the people. A small budget should always be used for gambling and never more than a small budget. Those who have spent all of their life's income on gambling are the ones who suffer the most and end up in debt.

these types of people are the worst because if it's his own home, it doesn't matter, the problem is that it's the home with his family, where he lives with his wife and children, it's very sad to see a family become homeless just because the head of their household was involved in gambling debts. it would be too selfish if he only thought about his own pleasure and didn't think about what would happen to his family in the future. and usually people like this will be hated by their wives and children.

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If you mean taking loan to gamble, then definitely before taking the loan, you'll have to drop a coleteral almost worth or higher than the loan amount, so I don't think situations like this would be inherited by the the children of the deceased gambler but rather if the loan is not paid before the agreed duration then the loaner has all right to take full possession of the coleteral it might be a house or any landed property.

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Quote from: Assface16678 on March 03, 2024, 03:07:02 AM

The thing is, will the parents let that happen? As a parent, of course it's your responsibility to secure the future of your children's. If the parents are already under the influence of gambling, then as a parent, it's your responsibility to not involve your children, your partner, or any of your relatives in your gambling habit. In terms of inheriting the debt of a parent to children, I don't think there will be a law about that unless there is a written agreement about it, but what parent will let that happen? What parent will let the parent make his or her children suffer from debt? Because it will be a trauma for that child because even without starting to work, they already have the burden of paying debt from their parents, and it will be a bad thing because the child will surely have grudges and anger towards the parents.

Inherit a gambling debts? It's not appropriate because it's totally against the rules of humans. Our children take after out footsteps, there's no limit to what we can become, probably making the right choice of life, rather we should be having our best moment craving for excellence in the system. Everyone is held to a responsibility in the system, we just have to know what's best for us and ensure we do it with everything within our reach. I know how challenging the system can become when we try our best to gamble and end up losing everything.

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Quote from: Accardo on February 29, 2024, 06:52:57 PM

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I mean if it's bound by the law then it should be inheritable no? Just like regular debts. Now I think that anyone who faulted a loan afaik just forfeits their properties and stuff till they're able to pay the total amount, or slowly pay it out.

Afaik you can't exactly get jailed for being under debt? At least in my country anw, I don't think that's an issue there. it is an issue when the debt is so large that even working your ass for your entire life isn't enough to pay it. I don't think you'd ever get out of paying your debt though even if you tell them your circumstances of only inheriting it.

That said though I think such issues only happen in extreme cases? Since loans and the like are now done under scrutiny and if you don't have any collateral or your livelihood doesn't show any signs of being able to pay said loan, it'd never get accepted.

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The thing is, will the parents let that happen? As a parent, of course it's your responsibility to secure the future of your children's. If the parents are already under the influence of gambling, then as a parent, it's your responsibility to not involve your children, your partner, or any of your relatives in your gambling habit. In terms of inheriting the debt of a parent to children, I don't think there will be a law about that unless there is a written agreement about it, but what parent will let that happen? What parent will let the parent make his or her children suffer from debt? Because it will be a trauma for that child because even without starting to work, they already have the burden of paying debt from their parents, and it will be a bad thing because the child will surely have grudges and anger towards the parents.

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If there was a written agreement that the gambler was loaned a said amount before their dismissal from Mother Earth, the family of the gambler has to pay back the loan money their father borrowed and that would be paid gradually depending on the financial capacity of the family. But if the family of the dismissed father is not buoyant enough, that's when disagreement will arise about not paying the acquired loan of their father because to them, it is very annoying that ought to pay for a loan that they don't know of.

In most of the cases, I have heard of, the gambler's families don't usually pay off the loaned money completely and that will amount to a loss to the loan firm.

Wexnident

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Quote from: Accardo on February 29, 2024, 06:52:57 PM

~

I mean if it's bound by the law then it should be inheritable no? Just like regular debts. Now I think that anyone who faulted a loan afaik just forfeits their properties and stuff till they're able to pay the total amount, or slowly pay it out.

Afaik you can't exactly get jailed for being under debt? At least in my country anw, I don't think that's an issue there. it is an issue when the debt is so large that even working your ass for your entire life isn't enough to pay it. I don't think you'd ever get out of paying your debt though even if you tell them your circumstances of only inheriting it.

That said though I think such issues only happen in extreme cases? Since loans and the like are now done under scrutiny and if you don't have any collateral or your livelihood doesn't show any signs of being able to pay said loan, it'd never get accepted.

Outhue

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From the little experience that I have seen, many fathers have passed away and they left behind some debts that's needed to be settled, because it's even a sin to have debts on you after passing, I have heard from religious people that you getting through the heavens gate will be hard if you have debt on you.

In my country older people are now used to telling their children the amount they owe someone or some organization, just in case, because some people might decide to use lie and take money from the children, telling them that their dead father is owing them some money.

My father did the same, and we still see someone who came out and said he was owing her some money, and later I found out from my siblings that she lied, my father never mentioned her name as one of those he was owing some money, when the issue was dragged to a point, she claimed he already paid her some while ago and she just remember.

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It's very possible to inherits a gambling debt just like every other debt out there it's one thing we can never run away if out brother, sister or parents were debtors before departure from the face of the earth. It's only the living relatives that will pay the outstanding debt or any person who is genuinely connected to debtors will payout those debt. As living Being we are we should try as much as possible to reduce from involving ourselves taking debts because we might know when to leave the surface of the Earth and our children could be the ones to pass through the hard time to pay those debt.

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Quote from: AnonBitCoiner on March 02, 2024, 10:49:27 PM

Gambling is a bad thing and because of gambling if one person takes a loan then every other individuals of a family suffer from this thing because most of the time gambler takes laon and then go away from the sight leaving behind their family who suffers alot due to such burden.

It is reality that gambler loss all the money before passing away in gambling and also he has taken laon as without burrowing money he cannot sustain gambling. After leaving the world, the family members feel sad for his father's act as everyone is not able to give such a huge amount to lender and this is a reason that gambler loss their respect in society.

Is possible to inherit the gambling debts of your dad as long it's been granted a loan when he was alive. He must place something tangible, more like a collateral inchange for the loan. The collateral is collected or documented, it usually pops up when the person in question failed to meet up the requirements and giving room for the firms to triggers the last option which is collateral. They're not to be blame because they're just trying to re-take their money but this time, in different measures. It becomes complicated for everyone especially the children of the gambler, it worsen when gamblers raise up their profits and become adamant to pay back.

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Quote from: Accardo on February 29, 2024, 06:52:57 PM

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?

When the situation is like that, the gambler is loaned to the gambling owner. Most of the time, when something like that happens to the gambler himself, we don't know if it is stated in the contract that his family or those close to him will be responsible if something ever happens to the gambler. not good, they will be liable for its debt.

But if we look at it literally, there is no such thing as inheriting the debt from our loved ones unless it is written in the contract that the family and relatives will continue when the debtor dies; this is the only reason that can be seen.

AnonBitCoiner

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Gambling is a bad thing and because of gambling if one person takes a loan then every other individuals of a family suffer from this thing because most of the time gambler takes laon and then go away from the sight leaving behind their family who suffers alot due to such burden.

It is reality that gambler loss all the money before passing away in gambling and also he has taken laon as without burrowing money he cannot sustain gambling. After leaving the world, the family members feel sad for his father's act as everyone is not able to give such a huge amount to lender and this is a reason that gambler loss their respect in society.

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Quote from: Docnaster on March 02, 2024, 03:58:05 PM

Quote from: 2Pizza410000BTC on March 02, 2024, 03:37:21 PM

Quote from: Accardo on February 29, 2024, 06:52:57 PM

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?

There are many people who take loans to participate in gambling, they go into a lot of debt to get loans, so lenders come to them for loans, they have to sell their houses and land to pay off their loans. I have seen many people around me who take loans from moneylenders to gamble. They take loans and participate in gambling and at some point they lose everything as lenders come to them for loans, they have to sell their houses and land to pay off their debts. Such gamblers are the most hated people in the society, especially in the rural society these people are very hated by all the people. A small budget should always be used for gambling and never more than a small budget. Those who have spent all of their life's income on gambling are the ones who suffer the most and end up in debt.

When a gambler becomes addicted to gambling, the possibility of controlling his gambling activities becomes almost impossible and at that time, he's very likely to make decisions that'll affect him deeply. I've been opportuned to see gamblers who sold off almost everything in their custody including the ones they that aren't legally their own just to fund their gambling addiction and I've also seen others who went as far as borrowing money from money lenders while using their landed properties as collateral just to also find their gambling addiction. But the good thing about the above mentioned actions some addicted gamblers take is that they'll end up suffering the consequences of their actions by themselves unlike what happens when the take loans without a collateral and probably promise the loanee that they're going to pay later and dies without paying those loans.

When a gambler takes a loan or borrows money and fails to repay before dying, the debts are in most times going to be inherited by his close relatives who will now have to go through the pain of paying for a debt they didn't know when it was incurred but that's not the most painful part of paying such debts. The most painful thing about paying for such debts is that the debts will be payed with the knowledge that the diseased used the proceeds of the borrowed money to gamble. My opinion about this kind of scenerio is that the law should be more kind to the relatives of such person so they stop paying for a debt they didn't incure

When a gambler borrows from his moneylender, he never borrows from the moneylender by telling his moneylender about gambling, he always borrows from the moneylender by telling his moneylender about family difficulties or some other difficulty. When a moneylender is given a loan due to family difficulties or for the treatment of a sick person, the moneylender is bound to give the loan because the moneylender's duty is to stand by the family of his worker. But here I want to say that the moneylender must talk to his family and give the loan to his worker after asking what he is using. There are many people in my area who tell such lies to their close relatives and participate in gambling by taking money from moneylenders. There comes a time when they become so addicted to gambling that they are forced to commit suicide or leave the country for a distant country. So if every close relative moneylender is careful it is possible to solve such problems.

Topic: Is it possible to inherit a gambling debt? - page 9. (Read 1965 times)