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Solving mystery of high filing rate: no gamble, or is it?

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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-03-05 07:15 PM
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Solving mystery of high filing rate: no gamble, or is it?
Reid supported the Bankruptcy Bill ...too bad he didn't look at some of this info first ...

October 3, 2005

For years Nevada's personal bankruptcy rate has been among the highest in the nation, but experts have difficulty explaining why that is.

"There are a number of what I call armchair assessments, but there are no widely respected analyses that everyone agrees on," said UNLV bankruptcy law professor Robert Lawless, who is researching the topic.

A common armchair assessment is that Nevadans have ample access to gambling. But the correlation between casinos and bankruptcy filing rates is controversial, and experts believe Nevada's No. 4 ranking can't be attributed directly to it.


But gaming industry leaders insist casinos are not to blame. American Gaming Association President Frank Fahrenkopf has noted that the two states with the highest bankruptcy rates -- Tennessee and Utah -- do not have casinos. Utah has no gambling at all.

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