Horse tracks may need bankruptcy lawyer. The horse racing industry is not what it used to be. Back in the 1920’s, it was one of America’s favorite sports. It has been going downhill ever since. Full fledged casino gambling has really hurt the horse racing industry. For some gambling on horses can ruin their lives. This Broward County bankruptcy lawyer is familiar with an addicted gambler whose life has been ruined by gambling on the horses. This person has lost everything. Crying at bedtime over gambling losses has not stopped this person from going every day. This person claims to have a system and is this close to winning big. This despite being on the verge of having to file a Chapter 7 bankruptcy. This person is truly a lost soul. For those that are not addicted, going to the horse track can be fun. However, the racing industry is in dire straights. Two tracks in Illinois are in big trouble. They both may need to visit a bankruptcy lawyer in order to stay in business. Balmoral Racing Club and Maywood Park Trotting Association had a judgment entered against them for $77.8 million. The money is to be paid to four of the State’s riverboat casinos. An executive at the track was ordered to pay $1 million to each of the four casinos in punitive damages. The lawsuit was based on a charge of racketeering that claims the track executive agreed to give a campaign contribution to then governor Rod Blagojevich in return for signing legislation to benefit the state’s three thoroughbred tracks. The contribution was never even made. The attorney for the tracks told the Illinois Racing Board they are prepared to file bankruptcy in order to stay in business in 2015. The tracks have experienced what many in South Florida have gone through. They are hit with a judgment by a creditor that they have no ability to pay. The creditor then attempts to garnish their wages or levy their bank account putting them in a desperate position. Many times the only way for relief is to visit a bankruptcy attorney for help.