Gambling is inherently risky, but that rings even more true when a bankruptcy is involved. Section 727(a)(5) allows for denial of discharge if “the debtor has failed to explain satisfactorily, …. any loss of assets or deficiency of assets to meet the debtor’s liabilities.” 11 U.S.C. §727(a)(5). Recently, Bankruptcy Judge Timothy A. Barnes in Chicago wrote an opinion in which he comments about what gambling evidence could prove beneficial when defending against a 727(a)(5) action. In re Ferguson, 2021 Bankr. LEXIS 3026; 2021 WL 5029387 (Bankr. N.D. Ill. October 29 . . .
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