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Duties imposed upon the bankrupt

As an individual filing for bankruptcy, you must fulfill all of the following duties:

  • reveal and turn over to the Trustee, as required, all assets in your possession or control;
  • deliver to the Trustee for cancellation, all credit cards issued to you and in your control;
  • make available to the Trustee all books and records relating to your assets or affairs;
    meet with the Official Receiver, to be examined under oath as to the facts relating to the bankruptcy; if and when requested;
  • provide to the Trustee a complete statement of assets and liabilities including creditors names, addresses, account numbers, invoices and amounts. Where additional bills or legal documents are received by you, they should be forwarded to the Trustee. If assets were accidentally omitted, the Trustee must be told promptly;
  • inform the Trustee of the details of all assets disposed of during the twelve months prior to the bankruptcy;
  • inform the Trustee of the details of all assets disposed of as gifts during the five years prior to the bankruptcy;
  • attend the first meeting of creditors and any other meetings if called upon by the Trustee;
  • inform the Trustee of any material change in your financial situation;
    keep the Trustee advised of your place of residence until discharged.

 

 
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