Bankruptcy

Contributed by Ian Macdonald and current to 1 September 2005

This chapter explains what the effect of bankruptcy is, the alternatives to bankruptcy, and the advantages and disadvantages of being declared bankrupt. Further relevant information may be found in DEBTS.

• Introduction
• Effects of bankruptcy
• Alternatives to bankruptcy
• Concealing or disposing of property
• Full disclosure
• Advantages of bankruptcy
• Disadvantages of bankruptcy
• The bankrupt's house
• Secured vehicles
• Discharge of bankruptcy
• Annulment of bankruptcy
• Objections to discharge
• Deceased estates
• Where to go for help
• Contact points and other useful resources