Bankruptcy Case 10

Age: 36

Occupation: Security Guard

Annual Income: $68,000.00

Reason for Bankruptcy: over commitment of credit

Assets to be surrendered: Nil

Secured Debt: $0.00

Unsecured Debt: $94,665.00

Unsecured Debt Breakdown:

Credit Cards $75,532.00

Personal Loans $19,133.00

Telco $0.00

ATO $0.00

 

Summary: Married person who become over committed and had no real way to pack back all the debt.