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Who can be a Trustee?

A trustee is someone appointed to take charge of your property, cooperate with you to work with creditors on your behalf and handle your bankruptcy.

Who can be a trustee?

The trustee can be Official Trustee appointed by Australian Financial Security Authority (AFSA) or a registered trustee that you can nominate according to your reference. A registered trustee is a person, a business lawyer registered with AFSA on the National Personal Insolvency Index to obtain permission of having control over the administration of bankruptcies, personal insolvency agreements under Part X or debt agreements under Part IX of the Bankruptcy Act 1966.

A trustee will help you to take off pressure as after you are declared bankrupt, unsecured creditors are required to deal only with your trustee.

What is a trustee?
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