If You’re Gonna Bet the Farm, Maybe Play Against the House

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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Danielle headshot (2)
Staff Attorney for Kathleen A. Leavitt, Chapter 13 Standing Trustee for the District of Nevada (Las Vegas)

Danielle N. Gueck-Townsend has been a Staff Attorney for Chapter 13 Trustee, Kathleen A. Leavitt in Las Vegas since 2010. Prior to working for the Trustee’s office, she represented debtors in both personal and business bankruptcies in the Southern District of California.

Danielle received her Bachelor of Arts from University of Tulsa in Tulsa, Oklahoma and Juris Doctor from California Western School of Law in San Diego, California. She is licensed to practice law in California and Nevada.”

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