Bankruptcy and Trustee

Most people who go bankrupt, in excess of 90%, have the Government as their Trustee. AFSA which stands for Australian Financial Security Authority is the Government bankruptcy office. They are normal working people just earning a living to feed their families. They are nice and will treat you with respect.

A small number of people will end up with a private Trustee. Private trustees are people who are registered to administer the affairs of bankruptcy estates.

There are no so called “friendly trustees” as all trustees are responsible for administering bankruptcy law.

If you feel that you need a private Trustee or if after talking to us we see the need for you to have a private Trustee we will explain why and can organise a free chat with a Trustee to ensure you are fully informed of what is likely to happen based on your position.

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