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).