If you find yourself burdened with casino marker debt and are struggling to make ends meet, you may wonder if bankruptcy is a viable option for relief. In this blog post, we will explore the intricacies of discharging casino marker debt in bankruptcy and provide you with valuable insights to help you make informed decisions about your financial future.
The Nature of Casino Marker Debts
A casino marker is essentially a line of credit extended to a gambler by the casino itself. It allows patrons to gamble without carrying large amounts of cash and is often seen as a convenient financial tool. However, what might start as a harmless way to enjoy a few rounds of gambling can quickly spiral into a significant debt burden, especially when luck is not on the side of the gambler.
Can Casino Marker Debt be Discharged in Bankruptcy?
In Nevada, failing to pay your casino marker debt is considered a crime. This means it cannot be discharged through a bankruptcy.
Can You Go To Prison?
If you default on a casino marker debt that is $1,200 or more, then it's considered a felony. This can result in you:
- Serving up to four years in state prison
- Paying restitution
- Being fined up to $5,000
It's important to note that if you have multiple marker debts, then they are considered separate charges. This means if you have five marker debts you default on, you would face five different charges.
Importance of Legal Counsel
Given the intricate nuances surrounding casino marker debts in Nevada, seeking legal counsel is paramount. A criminal defense lawyer can provide essential guidance on navigating these complex matters. Having an experienced attorney by your side can make all the difference.
At Pariente Law Firm, P.C., we specialize in casino markers. Contact us today for a personalized consultation and let us help you find the best path forward.