Akademik

The Trustee in Bankruptcy can continue to attempt to realise all assets within the Estate in Bankruptcy in the same way as before the changes came into effect and for almost all of the same period.

The Official Receiver will decide on the information provided to him by the Court and by you whether there are any assets within your Estate in Bankruptcy that can be realised for the benefit of your creditors.

If the Official Receiver fails to realize the assets during this time, they will be exempt from the estate in bankruptcy.