Article Tags: personal loan

Massive Debt from a failed business– also tagged bankrupt, bankruptcy, credit card, creditors, family home, interest free debt

Steve built up over 130 000 dollars in debt from a personal loan and credit cards associated with a business that had since gone under. On his current income there was no way he could repay the debt, but if he went bankrupt he would lose the family home, be restricted in travelling overseas, be [...]