BANKRUPTCY DISCHARGE

PART 4 OF 4.

BANKRUPTCY- AT PRESENT, IS THREE YEARS.
BUT!

Your bankruptcy may be extended to five or eight years if your trustee lodges an objection to your discharge with the Insolvency Trustee Service Australia.

Your trustee may lodge an objection on a number of grounds, such as your failure to:
-provide information to, and assist, your trustee.
-disclose to your trustee all income.
-pay assessed income contributions.
-explain how money was spent.
-reveal all assets and creditors.

More than one objection can be lodged.

You may request a review of an objection by the Inspector-General. A written request for review must be lodged within 60 days of you being notified of the objection.