Bankruptcy Case 7

Age: 53

Occupation: Butcher

Annual Income: $82,500.00

Reason for Bankruptcy: Adverse Legal Action

Assets to be surrendered: Nil

Secured Debt: $0.00

Unsecured Debt: $19,278.00

Unsecured Debt Breakdown:

Credit Cards $19,278.00

Personal Loans $0.00

Telco $0.00

ATO $0.00

 

Summary: Single person who fell behind and after creditor took legal action decided that he would prefer to choose bankruptcy as his debt solution.