Pursuant to s 149 of the Bankruptcy Act 1966 (Cth), most bankrupts will be discharged automatically 3 years and 1 day after either
- their debtor's petition is accepted, or
- an accepted statement of affairs has been filed.
After discharge, the bankrupt continues to be liable for fines or debts incurred by fraud, and for debts under a maintenance order, although the court has the power to release a bankrupt from liability to pay child support arrears [s 153].
Automatic discharge : Last Revised: Wed Mar 20th 2024
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