My financial position

Hi Ziffel,

I work in an insolvency firm so should be able to help you []

Your bankruptcy only applies to all personal debt as at the date of the trustee’s appointment. So, the only debts you need to worry about now are those incurred after the date of bankruptcy. (ie, you shouldn’t have any ‘past/unknown’ debts)

As for your credit rating, i am pretty sure that a record of your bankruptcy will stay for 5 years after the date of discharge.

Matt