BANKRUPTCY DISCHARGE

PART 2 OF 4.

AFTER DISCHARGE.

Your name will appear on the public record (NPHI) forever as a discharged bankrupt. Credit reporting organisations also keep a record of bankruptcies. These records are kept for a limited period even after you have been discharged. You can contact them to:
-confirm that they have updated your credit file to show that you are discharged.
It is important to look up your credit files every 6-12 months, for unexpected items may crop up. It's best to deal with them as they come up on a credit file.
If you feel an item shouldn't be on your file, there are avenues you can go through with the credit file company to solve/or challenge a problem.
-find out how long they will show the record of your bankruptcy on your credit file.
In most cases this time is seven years.

WHAT ARE MY LEGAL OBLIGATIONS AFTER DISCHARGE?

The administration of your bankruptcy may continue after you are discharged. Your trustee may not have finalised investigations or the sale of assets, or you may still have income contributions to pay:
-you must assist your trustee to finalise the administration of your bankruptcy.
-you must advise your trustee of any change of address or financial circumstances if requested to do so.
-you must pay outstanding income contributions.