What Debts Are Not Removed By Bankruptcy?

Debts Not Covered By Bankruptcy?

Debts that will not be removed by your bankruptcy will include:
  • Fines imposed by a Court
  • HECS and HELP debt
  • Child support assessments from the Child Support Agency
  • Debts that result from fraud
  • Unliquidated debt (the amount owing is not yet known)
  • Centrelink debt which has resulted from fraud
There will also be some debts that are removed by bankruptcy but will be necessary to pay for you to be able to live your day-to-day life. For example:
  • Electricity – for continuing supply
  • Gas – for continuing supply
  • Telephone – for telephone and internet access.
  • Road tolls – if non-payment will impede you from being able to register your vehicle or result in the loss of your driver’s license, we recommend you talk to the appropriate authority in your State to determine what impact, if any, non-payment of road tolls will have on you.
  • Traffic fines – if non-payment will impede you from being able to register your vehicle or result in the loss of your driver’s license, we recommend you talk to the appropriate authority in your State to determine what impact if any non-payment of road tolls will have on you.

If you would like to have a chat about this please call me on 1300 097 926 or email hello@understandingbankruptcy.com.au.

Further Reading: We recommend our article Types of Debt Covered by Bankruptcy

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