Bankruptcy Case 6

Age: 46

Occupation: Pest Controller

Annual Income: $58,000.00

Reason for Bankruptcy: Excessive use of Credit

Assets to be surrendered: Nil

Secured Debt: $11,00.00

Unsecured Debt: $40,265.00

Unsecured Debt Breakdown:

Credit Cards $13,3060

Personal Loans $26,890.00

Telco $69.00

ATO $54,056.00

 

Summary: Family person with kids and no way to be able to provide for the family and pay the debt.