Personal Insolvency

Personal Insolvency

Personal Insolvency in Australia is regulated by the Bankruptcy Act 1966 (Cth) (“the Act”). The different types of insolvency administrations available to personal debtors under the Act are:

1. Bankruptcy
2. Part IX Debt Agreement.
3. Part X Personal Insolvency Agreement or
4. Part XI Administrations of Bankrupt Estates of Deceased Persons

 

In addition, O’Brien Palmer can act as a Court Appointed Receiver or a Trustee of jointly owned property pursuant to Section 66G of the Conveyancing Act 1919 (NSW).

O’Brien Palmer