Frequently Asked Questions

Do I Have to Let My Creditors Know That I Have Become Bankrupt?

No, when you become bankrupt, the debts that are caught by your bankruptcy are immediately uplifted from you and are owing by your bankrupt estate.

The Trustee of the bankrupt estate notifies the creditors that you are bankrupt and advises the creditors that all future communication is to be with the Trustee of the bankrupt estate.

We are here to help. If you have any questions please give us a call on 1300 764 197 or email hello@understandingbankruptcy.com.au

Further Reading: We recommend our article What is Bankruptcy? How Does it Work? as a good starting place to learn about bankruptcy and it can be accessed here.

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