Bankruptcy Case 9

Age: 54

Occupation: Security

Annual Income: $48,000.00

Reason for Bankruptcy: Excessive use of credit

Assets to be surrendered: Nil

Secured Debt: $29,136.00

Unsecured Debt: $54,385.00

Unsecured Debt Breakdown:

Credit Cards $50,842.00

Personal Loans $2,500.00

Telco $1,043.00

ATO $0.00

 

Summary: Family person who could no longer both provide for their family and meet creditor payments.