Tag Archive | "trustee"
Bankruptcy
Bankruptcy is most extreme form of debt relief. Bankruptcy can have severe implications on peoples lives and as such all options to avoid bankruptcy should be carefully considered beforehand. You should first enquire to see if you qualify for other options to avoid bankruptcy like a: Debt Consolidation loan; or Debt Agreement; or Personal Insolvency Agreement In most cases bankruptcy [...]
Continue reading...Travel – can I travel overseas?
Wednesday, November 26, 2008
A bankrupt must deliver their passport to their Bankruptcy Trustee. It is at the Trustee’s discretion as to whether a bankrupt can travel overseas whilst bankrupt. Usually the Bankruptcy Trustee will require a travel itinerary but may also require a bond to be paid.
Continue reading...Creditor calls – can creditors continue to call me after bankruptcy?
Wednesday, November 26, 2008
Your Bankruptcy Trustee will deal with calls from your creditors. Be aware that you must pay for all debts you incur after you become bankrupt.
Continue reading...Bank account – will my Bankruptcy Trustee close my bank account?
Wednesday, November 26, 2008
Usually your Bankruptcy Trustee will allow you to retain up to $1,200 in your account when you are declared bankrupt. If for example you have more than $1,200 in your account at the time you are made bankrupt, your Bankruptcy Trustee will most likely retain the excess amount.
Continue reading...Assets – can I buy an asset whilst I am bankrupt?
Wednesday, November 26, 2008
If you buy assets whilst you are bankrupt, the asset can be claimed by your bankruptcy trustee as after acquired property. This includes gifts, lottery winnings or inheritance.
Continue reading...
Friday, February 6, 2009
0 Comments