What are my obligations?

Now that you’re bankrupt you will no longer need to pay most of your debts. Now you can begin to rebuild your financial future. During bankruptcy you have certain obligations and may face some restrictions.

It is your obligation to tell your trustee when your circumstances change. You must inform your trustee if you:

• change your name, address, income or employment
• forgot to include debts or assets in your bankruptcy application
• buy or gain new assets (e.g. house, car, winnings)
• receive an inheritance (could be money or other assets).

You also have the following responsibilities.  You must:

• request permission from your trustee to travel overseas
• reveal your bankruptcy if you apply for credit over a set amount
• disclose your bankruptcy if you trade under a business name that doesn’t contain your name
• provide information to your trustee regarding your finances (such as income and mortgage statements)
• lodge your statement of affairs within 14 days (of notification of bankruptcy) if you've been made bankrupt by a creditor.

There may be penalties if you don't comply with the above obligations and restrictions. In some cases, your trustee may extend your bankruptcy.

For more information see: Can my trustee extend my bankruptcy? 

How to provide feedback about your trustee

You can complain or provide feedback if you have concerns about an action taken by your trustee.

For more information see: Resolving complaints.