Gambling!! losing everything? My huspand is a gambler he does not know went to

My huspand is a gambler he does not know went to stop, he is always chasing his lost money, he is lb26000 contained by debt, i have always help him in the past, so im presently in lb10000 of dept, i cant help him any more as we enjoy a small child, if he goes banktrupt will i lose everything our home is in both our name, i can make the payments alone...

you poor piece ,your husband will never change , the best you can do for you and your child is devorce him

He needs professional help out. There are gambling hotlines. There are also psychiatrists that work specifically with addiction such as gambling. Check your local yellow page, and see about contacting a hotline for other resources you can look into. I'm sorry to hear about your problem. Good luck on finding a solution.

Hi - in attendance is a gamblers annomious 800 number, but I do not know it. Maybe try a yahoo search for it. You call it, and they put his christen on a list, so he can not get on any river boats, etc...specifically about all I know of it.

As far as going broke, here is some information on that - Good luck to you. Also, if you currently are working and can afford the home, why not refinance, put the loan in your name singular, that way you are assured of always have your home. Just a thought. Better than going thru a BK.

Claiming Chapter 13 bankruptcy takes longer than a Chapter 7, but your credit will conclusion up in a little better standing. Chapter 13 ruin gives you up to 5 years to pay bad your debts. The disadvantage is that you're in bankruptcy for up to 5 years plus your credit report shows your liquidation for 7 more years after you have finished paying off your debts.

A Chapter 7 collapse is the least desirable from a credit standpoint, but you are typically out of bankruptcy within 6 months and you don't have to repay any debt. The disadvantage is that this shows on your credit report for 10 years from the date of filing your liquidation. Creditors are starting to tighten their credit requirements, and you may have a tough time getting future financing. Laws own changed, and it may be harder to go chapter 7. Check with BK attorney, and do a extensive word furrow online so you are very informed of that is taken away as secured interest from the BK trustee.

If you do opt to refinance as a rate and term, or as a cash out refinance and settle off your debit only (let hubby pay cheque for is, if you so choose) than use a Broker. A broker underwrites for many company's (I underwrite for 150 companies) so I just have to pull credit 1 time, and they look at my credit. A single lender (not a broker) have programs available, but they may not be able to help you and your situation, so you be in motion elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and explicitly considered a soft pull, for a 30 day time. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, i.e. considered a "hard" pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or receive any major purchases, like a auto, etc. This will verbs your credit down.

you have to try to seize him to admit he has a problem,later try to get some help the reality you have a small child may help him see sense,correct luck to you,hope this helps.

Answer:
I was going to engender suggestions. Then I realised that I, really, don't know diddly squat.

Gambler's Anonymous do and they are not just their for the gambler but also for those who want to help him.

They've be in the same situation as you and your husband so should own the best idea what to do.

Good luck

does he know he has a problem? I regard as he needs therapy. if you disappeared him now his gambeling would get worse and he would probally finish off up bankrupt and depressed at the best. Try to gat him to seek medical back, and keep your finances seperate as much as possible!

He needs lend a hand. Find out if there is a Gamblers Anonymous near you and fashion him go. Also, get debt couselling. It may work out surrounded by your best interests to declare yourselves bankrupt.

P.S. Your husband is a regretful git and you are very brave and strong to be standing by him BUT DO NOT GET OR GIVE HIM ANY MORE MONEY!!

He needs analysis. If he absolutely wont do anything after you've talked next to him and tried your hardest then you have to head off him. If he really cares for you he would be thinking of his family first. If you don't stroke fast he will take you adjectives the way down with him. You're 10,000 dollars contained by debt, he's already started taking you down with him. Good luck in conversation with him and getting him to a therapist.

Gambling when it is out of control is a self-destructive manner - you need to contact GANON (for people who live next to gamblers). You cannot help your husband, only he can, but you own a duty to yourself and children to save the roof over your head, achieve that property solely in your own name back the inevitable happens. Sorry hun. Good Luck

I am assuming you are in the UK as all your information were in lbs.

i see a great deal of answers sympathising with his addiction and your problems but little practical help re your house. so here is a practical answer.

if your husband go bankrupt his share of the house equity will be used to pay stale some (or all of his debts). This means that they will clutch the current value of the house, less outstanding mortgage, divide it by 2 and thats how much he effectively owns. You will after be given the choice to either -

a - buy out his share. basically you dispense them his share plus an admin fee of about lb250 and next the house gets put into your name.

b - the house will be sold and you will carry your share from the proceeds. there is some legislation that says if you own children they have to give you ample time to sort out somewhere else to live first, but there is a time limit after which they can vend it out from under you.

so its ok you saying you can come upon the repayments on the house, but you are going to have to re-mortgage it to buy out his share, if you have ample equity on the house to pay off his debts he will be discharged and effectively own this "mark" on his credit record for no other reason than thats the road you did it, in which case you might as in good health re-mortgage the house, pay off his debts yourselves, wish addiction help and not have the blight of a poor credit history.

Madam, I am a statistician and my charge is to compute risks and probabilities. The bookies and casinos have all the likelihood stacked against us. You must know and understand that, e.g., the odds of ahead the Lotto jackpot are 14 million to one against you.

One of the problems with gamblers is the thrill of the risk. I know you are deeply contained by debt, but if you can divert that thrill-seeking into starting a business, there are plenty of risks involved, plenty of challenges and the potential for illustrious returns on your investment. Meanwhile, take the advice others enjoy given you and get professional counselling.

As for the debt, whatever you do, do not consider suicide as copious people do in your circumstances. Life is wonderful despite the problems we facade. Sometimes, religion can help people overcome the desire to return with rich quick. Have faith and hold onto it.

Good luck and may God bless you.