NSW Grounds for Creditors to Nominate Trustee?

[Keziah]

After going voluntary bankrupt, what are the grounds upon which creditors can nominate a private trustee?

 

[Tim W]

You're an unsecured creditor?
You have probably lost your money.

 

[Keziah]

You're an unsecured creditor?
You have probably lost your money.

Hi Tim, Thanks for your reply. I'd like to know if there are grounds set out in law that allow a creditor to hire a private trustee, or can a creditor do this without having any reason.

 

[Tim W]

In order for me to give you a meaningful answer,
please first tell me what you think a private trustee is, and does.

 

[Keziah]

In order for me to give you a meaningful answer,
please first tell me what you think a private trustee is, and does.

Sorry Tim, I meant a Registered Trustee. I think they are licensed practitioners permitted to have control of a bankruptcy.