Steps to make someone bankrupt
If a person (or debtor) owes you or your business $10,000 or more, you can apply to make them bankrupt. However, we recommend trying to negotiate an informal payment agreement first. Learn more about the process to apply for a bankruptcy notice or initiate bankruptcy proceedings.
If you are owed money, there are formal ways to demand payment through bankruptcy proceedings.
If someone owes you or your company $10,000 or more, you may be able to apply for a bankruptcy notice.
If someone owes you $10,000 or more, you may apply to the court to have them made bankrupt through a creditor's petition.
Creditor rights and options
If you are a creditor in a bankruptcy, debt agreement, or personal insolvency agreement, your rights and options to pursue payment may change. Learn more about your rights and the important information you need to know.
When someone who owes you money becomes bankrupt, your rights to pursue payment may change.
As a creditor in a debt agreement, there is important information you should be aware of.
As a creditor in a personal insolvency agreement (PIA), there is important information you should know.
Creditor guidance
Explore key processes and guidance for creditors, including lodging a proof of debt, understanding trustee fees, and dealing with unclaimed money. Find quick guides on unsecured debts, debt agreements, and temporary debt protection notices to better understand your rights and options.
If the trustee is the Official Trustee (AFSA), you can prove your debt by lodging a proof of debt form online.
A quick guide for creditors about unsecured debts, including whether your debt is provable and your options for demanding payment from a bankrupt.
Learn about your rights, whether your debt is provable, and how to continue demanding payment from a debtor in a debt agreement.
Understand what it means if someone who owes you money has lodged a temporary debt protection (TDP) form.
An overview of how a trustee’s fees are calculated, the process to approve them, and the creditor's role in this process.
Find out about unclaimed money from a bankruptcy or debt agreement that the trustee has been unable to locate the rightful recipient of.
Meeting of creditors
Understand the purpose and process of creditor meetings, including how they are advertised, how notices are issued, and the reasons for holding these meetings. Learn about voting rights and the role of creditors in the decision-making process.
Learn why creditor meetings are held and who is eligible to vote at these meetings.
Creditor meeting advertisements must be lodged online using the AFSA online service portal.
Trustees must use this form to notify creditors of a meeting, ensuring notice is given at least 10 business days before the meeting date.