Sometimes it isn't only the debt amount owed by the applicant that prevents qualification for the loan. (badcreditloanservices.com)
The exception would be if they are undertaking a project so large that it would make the company significantly more risky if they were to issue only debt for financing. (alephblog.com)
Only the debts included in the bankruptcy filing should be reported as discharged. (valuepenguin.com)