Trustee Gold Coast
Are you struggling to overcome debt problems in the Gold Coast?
Have you been considering bankruptcy as a solution?
Do you know what duties a Trustee performs?
Before you go any further it is vital that you get professional advice so that you don’t take any unnecessary actions. Bankruptcy is a complicated process and up until recently the cost of professional advice was simply too much for most people to afford. But now Insolvency Guardian is offering bankruptcy packages from just $600.
Before entering bankruptcy it is important that you understand 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.