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When you die, your debts or liabilities are usually deducted from your estate
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Before I answer your question as a tax expert, let me quote some of the other experts here at Debt.com when I told them you planned to pay down your student loans by gambling on sports. “It shouldn’t need to be said, but gambling isn’t the same thing as saving or even investing,” warns Debt.com chairman Howard Dvorkin . Is Gambling Ruining My Life? Signs You Need Help & Debt ... Financial Help for Gambling Debts. Debt Settlement — It’s a lump-sum settlement payment with creditors, allowing you to decrease the principal you owe while eventually retiring the debt, but it’s generally only a consideration for people with very poor credit. In some cases, you could pay only 50% of the original debt. Help With Gambling Debt | Pocketsense According to John M. Eades, author of the book "Gambling Addiction," people with gambling problems often find themselves deep in financial debt. To finance their addiction, problem gamblers will often choose to borrow money, often with the expectation that they will be able to pay off the loan with their winnings.
Gambling and Debt - Problems & Compulsive Behavior
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My Gambling Debts Are Bankrupting Me, What Can I Do? Who Should I Get to Cosign a Debt Consolidation Loan? Why Should I Document Contact With Debt Collection Agencies? How Do You Know If You Are on the Bad Debt List? Is It Safe to Use a Debt Management Company? How Will Paying Extra Money On My Mortgage Every Month Help Lower My Debt?
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