Yes there are ways to annul your bankruptcy. Your Bankruptcy Trustee will issue a certificate of annulment when:

• all your debts and costs of administration of your bankruptcy have been paid in full, or
• you make an offer to your creditors which is accepted. Typically you will need to offer your creditors more than they would receive if your bankruptcy continued in the ordinary course. Typically this is achieved by a lump sum payment made your family member or close friend. The proposal is put before a formal meeting of creditors and must be accepted by the majority of creditors; or
• if you believe that you should never have been declared bankrupt, you can make an application to the Court to have your bankruptcy annulled under Section 153B. You will need to satisfy the Court that the bankruptcy order should not have been made in the first place.