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    Asset protection: reducing the amount available to creditors or ex husbands and wives
    2014-05-08

    I           INTRODUCTION

    The ultimate aim of the Bankruptcy Act 1996 (Cth) is to provide a fair and orderly process for the administration of the affairs of a debtor.  In many circumstances the debtor may attempt to avoid his obligations to some or all of his creditors.  The Bankruptcy Act recognises this and has long had provisions which empower trustees in bankruptcy to recover certain assets of a bankrupt.  The two types of powers given to the trustee are where:

    Filed under:
    Australia, Family, Insolvency & Restructuring, 13 Wentworth Selborne Chambers, Bankruptcy, Asset protection, Federal Court of Australia
    Location:
    Australia
    Firm:
    13 Wentworth Selborne Chambers
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