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A Dilemma

Topic closed. 3 replies. Last post 11 years ago by LANTERN.

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New Member
Staten Island, New York
United States
Member #37687
April 18, 2006
1 Posts
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Posted: April 18, 2006, 1:39 pm - IP Logged

lets say, I haven't paid my income taxes yet, or i have unpaid bills, such as credit cards, mortgages, insurance, etc. and suddenly I won a jackpot. Do you guys think my creditors would charge me a hefty fine for my unpaid bills just because they know I won a jackpot or worst sue me and hit me with some legal issues for a large amount of money now that they know about what I have, instead of just paying it of what I owe to them?

do you guys think this 'blind trust' is a good idea for it to claim as an anonymous winner for the above scenario?

    four4me's avatar - gate1
    MD
    United States
    Member #1701
    June 18, 2003
    8361 Posts
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    Posted: April 18, 2006, 2:00 pm - IP Logged

    Claiming a trust won't release you from paying your debit.

    Whomever you owe can only claim what you owe them, plus any interest or penalties. They cant sue you for more than what you owe.

    If you win a jackpot you'll have enough to satisfy any debts.

     

    Big John says. You don't hit the number. The number hits you!!!!

                   I'm not Big John, I'm Four4me, Big John's a friend.
      dvdiva's avatar - 8ball

      United States
      Member #2338
      September 17, 2003
      2063 Posts
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      Posted: April 18, 2006, 2:29 pm - IP Logged

      I think paying your taxes should have precidence over getting your lottery tickets. If you can't learn to control your finances now a lottery isn't going to help.

        LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
        Tx
        United States
        Member #4570
        May 4, 2004
        5180 Posts
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        Posted: April 18, 2006, 3:16 pm - IP Logged

        I think paying your taxes should have precidence over getting your lottery tickets. If you can't learn to control your finances now a lottery isn't going to help.

        If your are counting on winning the lottery to then pay your bills, you are in big trouble as you might never win it.

        If you knew how to win the lottery you would not have so many bills right now, unless you just now learned how to win it.

        At any rate, good luck to you and yours.