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    Annulment

    If all the debts are paid, the trustee will annul the bankruptcy. Annulment occurs when the last payment is made (including interest on interest-bearing debts) [Bankruptcy Act 1966 (Cth) s 153A].

    The court can also annul the bankruptcy if satisfied that

    • a sequestration order should not have been made, or
    • a debtor's petition should not have been presented by the debtor or accepted by the Official Receiver [s 153B].

    Legal advice should be sought from a private lawyer about options for annulment of bankruptcy.

    Annulment  :  Last Revised: Wed Mar 20th 2024
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