A Bill to reduce the period of bankruptcy from 3 years to 1 year was introduced by the government in October 2017. It hasn’t become law as yet, but if the bill is passed by parliament bankrupts will be discharged 1 year from the date of filing their statement of affairs. What happens after I am discharged? You don’t need
Month: January 2018
How long does bankruptcy last in Australia?
People always want to know how long bankruptcy will last before they decide to go ahead with it. Bankruptcy is currently for a period of 3 years, however, a new bankruptcy bill was introduced into Federal Parliament in October 2017 and it proposes to reduce the period of bankruptcy to 1 year. If the bill is passed by Parliament you
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