My name is Ira Smith, president of Ira Smith Trustee & Receiver Inc.
.
First, we hope that you and your entire family remain safe, healthy and secure
during this coronavirus pandemic, IRA SMITH TRUSTEE & RECEIVER INC.
is fully operational.
Both Brandon Smith and myself are available to answer any questions you
may have about this Brandon Blog or anything else at all.
So shoot us a message.
Give us a phone call.
We would love to hear from you.
Yesterday, June 22, 2021,
the Canadian Senate passed
Bill C-218, the Safe and Regulated Sports Betting Act, an act to amend the Criminal Code.
This now paves the way
for people to be able to bet on individual professional sports games.
Given this new event
to the Canadian gambling landscape, Brandon thought it would be timely
to write a blog on how the Canadian insolvency process
can assist people with gambling debt because of a gambling addiction.
And the concepts in the blog below apply to anyone with any kind
of addiction, gambling, drugs, alcohol, whatever.
So I hope you can watch until the end
of this video, because I know you will get value from it.
So the name of the blog is Gambling Debt Help Our Plan
to Conquer Your Debt and Your Gambling Addiction Recovery.
It may seem surprising to you,
but the Canadian insolvency process can deal with both the debt
as well as the addiction recovery and Brandon goes through this down below.
First, he looks at the question of what is
compulsive gambling and gives his take on it.
He describes the warning signs of gambling addiction.
Then he goes through
what gambling and betting debts look like.
Then he talks about the bankruptcy process
specifically to eliminate gambling debts, the various issues involved
and what you can expect when you come up for your discharge from bankruptcy.
And then finally,
is bankruptcy the answer for you
or can you do a debt settlement program such as a consumer proposal
or a Division One proposal under the BANKRUPTCY AND INSOLVENCY ACT?
So I think everyone understands how.
bankruptcy can help you eliminate your gambling debt,
but how can it help with your addiction recovery?
This is how it can help.
The Canadian insolvency process is all about rehabilitation,
financial rehabilitation and any other kind of rehabilitation that is necessary.
It is very unlikely that someone who has
racked up gambling debts is going to get an absolute bankruptcy discharge.
Certainly not an automatic one.
There's going to be an opposition and there's going to be a court hearing.
The person is going to have to show
that they are being rehabilitated. The best way
is as soon as you file for bankruptcy, enroll in gambling addiction therapy.
Gamblers Anonymous is, of course,
the most famous therapy program for gambling addiction.
Show the court that you have attended all the sessions, that you are continuing
to attend, that you have changed your behaviour and
it has helped you. You are not gambling anymore.
This all goes to show the court
that you are being rehabilitated within the bankruptcy process.
So I hope you can read the entire
Brandon Blog below because I know you will find it informative.
Again, the Ira Smith Team hopes that you and your entire family remain safe,
healthy and secure during this coronavirus pandemic.
Ira Smith Trustee & Receiver Inc.
is fully operational.
Both Brandon Smith and myself are holding all meetings by either
telephone or video chat, and we are both available to answer any
questions you may have about this Brandon Blog or anything else at all.
So please shoot us a message.
Give us a phone call.
We would love to hear from you.