Bankruptcy

What is a Registered Bankruptcy Trustee?

A Registered Bankruptcy Trustee is a properly qualified personal insolvency practitioner who is registered with the Australian Financial Security Authority (AFSA) to administer bankrupt estates and handle your financial affairs. In order to be eligible to become a Trustee, one must hold a university degree in accountancy, be a member of the Institute of Chartered Accountants (or CPA) Australia, and preferably be a member of the Australian Restructuring Insolvency & Turnaround Association (ARITA).

Registered Trustees can administer all administrations provided for by the Bankruptcy Act of 1966, which includes bankruptcy, Personal Insolvency Agreements and Debt Agreements. Bankruptcy Trustees have statutory duties as outlined in the Bankruptcy Act. They are required to give impartial, honest bankruptcy advice in their dealings and to make decisions based on equity and fairness between creditors and debtors. All Registered Trustees are monitored by AFSA and subject to annual inspections, so the highest levels of standards are guaranteed to be met.

With a Registered Trustee on site at Insolvency Services Australia, you can rest assured that a professional, reliable and qualified bankruptcy advisor is personally dealing with your bankruptcy case. Our experienced bankruptcy team are fully qualified to provide you with the best possible service.

Choose Insolvency Services Australia for professional, honest and dedicated bankruptcy services. You can contact us on our 24/7 hotline at 1800 003 883 for free and impartial bankruptcy advice from expertly trained bankruptcy advisors.

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