Bankruptcy offences.

• disposing of property before bankruptcy with intent to defeat your creditors;
• failure to disclose assets;
• leaving Australia without your Bankruptcy Trustee’s permission;
• obtaining of credit when you know you cannot repay it;
• incurring debts during bankruptcy over $7,032 without disclosing that you are bankrupt;
• operating a business under an assumed name, without advising your bankruptcy; and
• leaving Australia without the trustee’s permission.

The penalties for the above offences vary from 6 months to 3 years imprisonment.