C.DEBTS AND CREDITORS. PART 2 OF 5.
DEBTS YOU STILL HAVE TO PAY WHEN YOU BECOME BANKRUPT.
You are required to pay.
-debts which are not provable in bankruptcy.
Examples are:
-penalties and fines imposed by a court.
-damages from accidents. eg. car accidents.
-student assistance/supplement loans.
You are required to pay.
-any new debts you run up after your bankruptcy commences.
To avoid suspension of your driver's licence and/or your motor vehicle registration, you will need to pay your debts for parking, traffic and other infringements of state laws. Most states have the power to suspend your licence and / or your motor vehicle registration until payment is made.
If you fail to pay certain debts for essential services to your home.
eg. electricity, gas, telephone. Failure to pay these services may result in disconnection.
The Australian taxation Office may keep your tax refund and offset it against any debt you owe the Commonwealth.eg. taxation, child support.
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