Are you facing bankruptcy in Canberra?
Do you need to know more about bankruptcy, trustees and section 73 proposals?
Insolvency Guardian provide the best value Insolvency services in Canberra and one of our consultants can help you to understand what to expect if you enter bankruptcy. Bankruptcy can be intimidating but it doesn’t have to be the end of the world. Insolvency Guardian has helped hundreds of Australians to emerge from bankruptcy ready for a fresh start.
To speak to a consultant from Insolvency Guardian simply call 1300 60 70 60 and arrange a free initial consultation. The most valuable thing you can have going into bankruptcy is knowledge and when you side with Insolvency Guardian you are siding with a team that has years of knowledge and experience. During a bankruptcy it is important to make the right decisions quickly and the team from Insolvency Guardian can help you to find the best course of action for your situation.
During a bankruptcy your Trustee will either be a private Trustee or a Trustee from Insolvency Trustee Services Australia (ITSA), Insolvency Guardian can help you to decide which will be the best choice for you. It is very important that you understand the role and responsibilities of a Trustee during bankruptcy and the team from Insolvency Guardian can help you to understand.
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.