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 can help you to overcome bankruptcy in Perth and the first step is making sure you understand as much as possible about the process. Going through bankruptcy without help from Insolvency Guardian is a recipe for disaster and with bankruptcy packages starting at just $600 you owe it to yourself to call Insolvency Guardian today on 1300 60 70 60.