A Registered Bankruptcy Trustee also administers bankrupt estates under the Bankruptcy Act. A Registered Trustee is licensed and supervised by the Inspector General in Bankruptcy of AFSA. A Registered Trustee is usually a fully qualified accountant with the minimum education and experience as set out in the Bankruptcy Act and usually works in a private accountancy firm. A Registered Trustee
Category: About Bankruptcy
Bankruptcy Trustee – to be independent and impartial
A Trustee in Bankruptcy must be free from any conflict of interest and must at all times act in an impartial manner. Any prior dealings with the debtor (the person to be made bankrupt) must first be disclosed to creditors. Depending on the type of any prior dealings or relationship with the debtor, the Trustee in Bankruptcy may not be
Bankruptcy Registry
AFSA (The Australian Financial Security Authority) is the Federal Government agency which is responsible for maintaining a bankruptcy registry and information service. The AFSA Bankruptcy Registry has many functions such as: Bankruptcy applications Bankruptcy list Phone support for debtors Bankruptcy applications AFSA processes all bankruptcy applications. If you have completed a debtor’s petition, AFSA will accept the application for
AFSA’s role in the Australian Bankruptcy Regime
Australian Financial Security Authority (AFSA) is the regulator for the personal insolvency regime in Australia. AFSA is a Commonwealth Government agency and has offices in every capital city of Australia.The Inspector General in Bankruptcy (the chief public officer of AFSA) is responsible for overseeing the operations and functions of AFSA, which includes: Information registry; Official Trustee functions; Licences Registered Trustees
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