Skandarajah

There is also a statutory requirement to file their income and expenditure statements and their statement of affairs. A bankrupt cannot obtain credit of more than $500.00 without first disclosing that he or she is a bankrupt. You may even have to surrender your passport and your travel overseas will be restricted. A bankrupt will be able to act as a Director of a company or even manage a business.

If you are facing bankruptcy, you need to consult a good solicitor before you make any decision concerning bankruptcy matters. This is where S Skandarajah& Co can help. Contact us if you require our assistance.

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