NSW Bankruptcy Discharge Reduced to One Year?

Discussion in 'Debt and Bankruptcy Law Forum' started by Toma, 3 November 2018.

  1. Toma

    Toma Active Member

    Joined:
    27 September 2018
    Messages:
    8
    Likes Received:
    0
    Hello,

    I was wondering if anyone lately heard about bankruptcy discharge being reduced to one year.

    How likely and when will it be introduced?

    Thanks
     
  2. Debtsol

    Debtsol Active Member

    Joined:
    27 October 2018
    Messages:
    6
    Likes Received:
    0
    Yes, it’s proposed to change to 1 yr it’s still before parliament. It’s probably at least 12 to 18 months away of being real law.
     
  3. Scruff

    Scruff Well-Known Member

    Joined:
    25 July 2018
    Messages:
    65
    Likes Received:
    1
    You can apply for early discharge after six months. I did it years ago. Filled out a form, lodged it, got discharged no questions asked. (And that was all on the advice of a free financial advice service.)
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
Loading...

Share This Page

Loading...
gt;