However, any document without a date is completely worthless. Who does that anyway?
There was a similar thing that happened in Louisiana I believe but could have been another state and a guy racked up 600k in markers at the horse races and casino over a 2-3 day period. Was from Florida if I remember right. Don't remember all the details but he filed bankruptcy immediately after and the markers were discharged via bankruptcy. If I recall correctly they had a 10-15 day grace period to repay them back and filed for bankruptcy almost immediately before the payback time.
I am not condoning it or saying to do it but it is the one case I know someone was able to skate on markers and it went to the 9th circuit court of appeals where the casino/track lost because it was a debt because they did a credit check etc. Was a retired guy, lived in a multimillion dollar home (which is safe in Florida from bankruptcy) as is retirement income which is why OJ moved to Florida and was able to collect his pension.
I always thought casino credit was for higher rollers, who have the cash to back up the loan, to access money quickly at the casino and not travel with piles of cash.
Either way, while there is no debtors prison, taking out a gambling loan with no intention to repay is considered fraud and prosecutable in most states.
Details are fuzzy to me but seems like his income was high from the retirement accounts etc I remember the retirement income having something to do with it and they could not take his house much like Ron Goldmans family could not touch OJ house and NFL retirement because it was in Florida. I will google around and see if I can find the case
As it was explained to me, a marker is not considered a gambling debt.
It's a personal check . Writing a bad check can be a felony, depending on the amount.
Hi Dear MichaelBluejay,
Thank you, RougeAndNoire