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 will undergo an annual inspection program carried out by the Bankruptcy Regulation unit of AFSA. The purpose of the annual inspection program is to ensure that the Registered Trustee is discharging their duties in accordance with the Bankruptcy Act. If serious malpractice is detected by the Bankruptcy Regulation unit the matter can be referred to the Inspector General in Bankruptcy and the Registered Trustee could face disciplinary action or their registration could be cancelled.

If you wish your estate to be administered by a Registered Trustee please enquire today as we have a Registered Trustee on site who can administer your case.

Call the Australian Bankruptcy Service today on 1800 462 767 if you wish to engage the services of a Registered Trustee in Bankruptcy.