Financial Misconduct in a Divorce, Is it a Gambling Addiction?
PUBLISHER’S NOTE: This blog about financial misconduct in a divorce case is as meaningful today as it was when we originally posted it on April 22, 2017. We have a ton of interesting articles in our archives of the Ohio Family Law Blog. Use our Search tool and enjoy a few oldie but goodies!
Overview on Ohio Divorce Law: Gambling as the Basis for Financial Misconduct and Unequal Division of Marital Assets Upon Divorce
Gambling exists in every state (even in Utah and Hawaii where it is illegal), but not everyone gambles the same. If gambling gets out of control, it becomes a real medical condition. A “Gambling Disorder”, as the affliction is known, affects slightly more than 2 percent of all U.S. adults. According to the Mayo Clinic, “Gambling can stimulate the brain’s reward system much like drugs such as alcohol can, leading to addiction”.
Individually, male gambling addicts typically accumulate an
average debt between $55,000 and $90,000. Female gambling addicts average a $15,000 debt, by one estimate. But as one might expect, most gamblers do not have sufficient resources to pay back what they owe.… Read More... “Blast From The Past: Gambling: The Consequences Of Financial Misconduct In A Divorce”