Annulment

If all the debts are paid the trustee will annul the bankruptcy. Annulment takes place when the payment, or 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 ought not to have been made or where a debtor files their own petition (where the petition ought not to have been presented) is 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: Thu Feb 21st 2013
The content of the Law Handbook is made available as a public service for information purposes only and should not be relied upon as a substitute for legal advice. See Disclaimer for details. For free and confidential legal advice in South Australia call 1300 366 424.
Link to sa.gov.au - find what you're looking for

© Legal Services Commission - All Rights Reserved
Funded with the support of the Governments of Australia and South Australia Website by CeRDI