| Bankruptcy is a way of becoming free of debts that you might never be able to repay. If we consider that this is the most suitable option for you we can assist you to petition for your own bankruptcy and advise as to the implications.
Bankruptcy legislation has recently experienced some major changes which should be considered. Individuals can now be discharged in as little as 12 months and time limits have now been imposed on Trustees for dealing with a bankrupt’s interest in properties.
Annulment of bankruptcy after discharge
We are frequently being approached by individuals in a state of panic following contact from the Trustee, who is seeking to realise their interest in the individual’s property many years after the bankrupt was discharged.
Most bankrupts share the mistaken belief that the Trustee has no further claims against them or their property following discharge and are shocked and disturbed to discover that this is not the case.
We are able to assist in negotiations with the Trustee to achieve the most beneficial outcome in such cases, which could even result in the annulment of the original bankruptcy. |
