Your Bankruptcy Trustee will undertake a full investigation into your financial affairs leading up to your bankruptcy. These investigations will focus on:
- Any assets sold or transferred prior to bankruptcy (up to 5 years);
- Any assets purchased but not disclosed; or
- Any excessive expenditure made prior to bankruptcy.
Your Bankruptcy Trustee may ask you to explain any transaction or expenditure made prior to bankruptcy. If you fail to fully co-operate with your Bankruptcy Trustee, he or she may apply to extend your bankruptcy.