Bankruptcy

Bankruptcy from Litigation Lawyers Brisbane

By: Litigation Lawyers Brisbane  13-Sep-2015
Keywords: Debt Recovery, Bankruptcy, Business Lawyers Brisbane

When you have a trustee that is appointed to administer the estate of an insolvent person, this is called bankruptcy. You were considered insolvent if you can’t pay your debts when they’re due. How long does Bankruptcy last? When the Statement of Affairs is filed by the bankrupt person, bankruptcy tends to last three years unless there’s an objection by the trustee. The Statement of Affairs is completed by the bankrupt person and is a statement that discloses the financial and personal information of the bankrupt person. This includes debts and the assets of the individual. Once the bankruptcy is completed, the bankrupt person is “discharged.”

Keywords: Bankruptcy, Bankruptcy Lawyer Brisbane, Business Lawyers Brisbane, Construction Lawyer Brisbane, Debt Recovery, Insolvency Lawyers Brisbane,

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