Susan and Ryan called Bankruptcy Australia for advice on filing for bankruptcy. Susan and Ryan have several credit cards and one personal loan and used the credit card to shop on-line.

Susan loved shopping on-line so much that she wanted to know if she could keep her credit card if she filed for bankruptcy. In other words she wanted to exclude one credit card from her bankruptcy application even though she had an amount outstanding on it.

We explained to Susan that when you file for bankruptcy in Australia you must disclose all debts outstanding in your bankruptcy application (the formal process is to complete a Statement of Affairs).