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Where really is the problem? Gambling is dearly promoted by the government. It is a revenue generator of substance. But for the gambling business the American economy would lose out on billions of dollars. Gambling is absolutely legal and it is lucrative. But then again, gambling is legal for citizens above the age of 18. So what happens to those who are not yet 18? Are they prohibited from gambling? Of course they are prohibited from gambling at the casinos. But does that really stop them from gambling? Students are betting at high-schools randomly, many are cheating and gambling illegally. But once into gambling, teens get stuck. They get drawn in by the lure, they may initially win a bit, then they start losing, once they lose they start stealing from their parents to pay off the losses, once they pay off the losses they gamble again to recover what they stole from the family, once they gamble again then they incur losses again and the cycle keeps on continuing until the point that a negative, escapist attitude sets in him and he feels like self destruction and suicide is the only way out.

Parents play a very important role in this regard. Most parents even if they are aware of their sons’ gambling habits, conceal it in public to protect their personal reputation. But it is very important to be open about this problem for two reasons – it makes their son more likely to speak up what they are going through which makes the process of counseling them a lot more easier; and also if the gambling habits of the teen is discussed in public then he would try harder to quit gambling in order to regain the respect of his peers as also his peers would know it if he has to be discouraged about something and would act accordingly.

May 18, 2010 admin gambling Read more...

The citizens Advise Bureau (CAB) report says that 58% of the clients do not have any money to pay of personal debts. The CAB deals with a staggering 7241 new debt problems each day. Increase in involuntary unemployment is only going to worsen the falling financial conditions of the people. This is where the Debt Relief Order (DRO) can be of immense support to anyone.

The Debt Relief Order is an alternative solution to Individual Voluntary Arrangement (IVO) or going bankrupt. The money management process is handled by an expert. He will be supporting you with the general norms and make sure that his client has complied with the DRO.

This program also assists person with minimal assets. With an outlay of just £ 100you get a chance to be debt free in a year. No form of harassment from creditors in relation to personal debt is allowed once the DRO is in place.

To avail the DRO you have to pass some eligibility criteria’s and  after it is in place there are restrictions imposed thereafter. To be eligible for the DRO

• The debtor is unable to make payments on outstanding personal debts;
• The debtor’s total unsecured debts must not exceed £15,000;
• The debtor’s total gross assets must not exceed £300;
• The debtor’s disposable income, after household expenses, mustn’t exceed £50 per month;
• The debtor shouldn’t be: an undercharged bankrupt, subject to a Bankruptcy Restriction Order (BRO) or already in an Individual Voluntary Arrangement (IVA).

As long as the DRO is in place these restrictions must be abided by:

• · The debtor must not obtain credit of £500 or more without disclosing that they are subject to a Debt Relief Order;
• · The debtor cannot carry on business in a name different to that when the Debt Relief Order was granted without informing the affected parties;
• · The debtor may not be involved with the management or formation of a limited company;
• · The debtor may not act as a company director without permission from the court;
• · The debtor is only allowed one Debt Relief Order every six years.

Going through the process may be serious headache but that is the best thing you can do when you have already put yourself in such a position.

May 18, 2010 admin gambling Read more...