Bankruptcy Case 12

Age: 40

 

Occupation: Paramedic

 

Annual Income: $90,000.00

 

Reason for Bankruptcy: Domestic discord/relationship breakdown

 

Assets to be surrendered: Nil

 

Secured Debt: $6,200.00

 

Unsecured Debt: $30,500.00

 

Unsecured Debt Breakdown:

 

Credit Cards $0.00

 

Personal Loans $30,500.00

 

Telco $0.00

 

ATO $0.00

 

 

 

Summary: Breakdown of a relationship resulted in the persons financial situation deteriorating to the point that bankruptcy became the only option.