Are there offences under bankruptcy?

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 $6,893 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.

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