FAQs | What Happens When You Become Bankrupt?
In most cases, you will not be in trouble if you gamble. Depending on your circumstances, if your gambling is an addiction you may be encouraged to obtain professional help.
Gambling becomes a problem if you undertake untoward or illegal activities to fund your gambling or use gambling to dispose of assets prior to bankruptcy. For most people, this is not the case.
We note that any money you win from gambling while bankrupt will belong to the bankrupt estate. Gambling while bankrupt is pointless and is not recommended.
Nicholls & Co have a complementary ‘help desk’ to answer your questions on bankruptcy. Call Nicholls & Co on 1300 060 122 or email email@example.com.