Ok, this might be fun. I have a research project for whoever would like to try.
Question: what is the status of Casino Markers in a BK. Can they be discharged?
Note: Please site your sources and provide links. Ideally, I would like to see a Bankruptcy Court case
My preliminary google has not yield good results as of yet.
Some of the issues you will encounter.
Nevada considers markers more like checks, not IOU's. In many ways, they are like payday loans. But, at the same time, if you default, the casino now has a "claim" against the gambler. The BK code simply defines 'Debt' as "liability on a claim".
Good luck and good hunting.
Question: what is the status of Casino Markers in a BK. Can they be discharged?
Note: Please site your sources and provide links. Ideally, I would like to see a Bankruptcy Court case
My preliminary google has not yield good results as of yet.
Some of the issues you will encounter.
Nevada considers markers more like checks, not IOU's. In many ways, they are like payday loans. But, at the same time, if you default, the casino now has a "claim" against the gambler. The BK code simply defines 'Debt' as "liability on a claim".
Good luck and good hunting.
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