If I Win The Lottery I Won’t Have to File Bankruptcy!
By Bankruptcy Attorney on Mar 3, 2007 in General Bankruptcy Information, Texas
DAVID SCHOETZ writes about winning the lotto in yesterday’s ABC news article At $275M, Lotto Jackpot Overflows.
We all dream of winning the lottery someday, but the reality is that very few people actually win. In fact Mr. Schoetz relates that any given person’s odds of winning that jackpot are one in 75,000,000. As it turns out, no one won the that $275,000,000 jackpot, and it has increased to $340,000,000. You might tell yourself that winning the lottery would solve all your problems, but the fact that not one person won, tells you that it is hugely unlikely you will win.
What’s the moral of this story? Don’t kid yourself. If you are deep enough in debt that you have to sacrifice the necessities of life just to pay the minimums on the balances that you owe, you can’t put off visiting with a local bankruptcy attorney to see what your options are. The lure of winning the lottery is not real enough to put off taking care of the debts which are making you obsess over the slim possibility of winning the lottery.
If you liked that post, then try these...
Trustee's Powers-What is a Fraudulent Conveyance? by Däna Wilkinson, Attorney at Law
Are debts incurred while driving under the influence of alcohol or drugs (DUI) dischargeable in bankruptcy? by Chip Parker, Jacksonville Bankruptcy Attorney
Minnesota Homestead Exemption: Increased to $300,000 and 160 Acres, or $750,000 for Farmers by Craig Andresen, Attorney at Law
You must be logged in to post a comment.