Bankruptcy Case 11

Age: 53


Occupation: Driver


Annual Income: $50,000.00


Reason for Bankruptcy: over commitment of credit


Assets to be surrendered: Nil


Secured Debt: $0.00


Unsecured Debt: $57,221.00


Unsecured Debt Breakdown:


Credit Cards $36,123.00


Personal Loans $21,098.00


Telco $0.00


ATO $0.00




Summary: Person only 10 or so years away from retirement who become over committed and has no real way to pay back all the debt.