Are you facing bankruptcy in Adelaide?
Do you need help understanding the role of a Trustee?
A Trustee is in charge of making investigations into the estate of a bankrupt to examine their financial affairs. The Trustee will examine the estate to ascertain if any invalid transactions have been made, for example the Trustee transfers and/or transactions made as preferential payments.
A Trustee has the ability to report their findings to the Insolvency and Trustee Service Australia (ITSA). The Trustee will conduct all investigations in an unbiased manner in order to gather an accurate value of the bankrupt estate. After the Trustee has established the value of the bankrupt estate they will make appropriate distributions to creditors to satisfy their debt.
Insolvency Guardian Adelaide has helped hundreds of people to overcome their debt problems with bankruptcy and have made sure that our clients emerge from bankruptcy ready to make a fresh start. Insolvency Guardian is one of Australia’s fastest growing insolvency firms and have a reputation for delivering the best results for the best price.
If you are looking at entering bankruptcy it is crucial for you to seek the advice of a professional to ensure that you are making all the right choices. If you want the best chance at making a full financial recovery then the team from Insolvency Guardian can help you.