Bankruptcy & personal insolvency

Who will know about the bankruptcy?

Creditors of the bankrupt estate are notified of the bankruptcy and is recorded on public registers.

Bankruptcy is also recorded on a public register called the National Personal Insolvency Index (or NPII), which is never removed but the status will be updated with certain updates such as being discharged from bankruptcy.

In certain business or commercial circumstances, bankrupts are required to disclose their bankruptcy.

Disclaimer

The enclosed information is of necessity a brief overview and it is not intended that readers should rely wholly on the information contained herein. No warranty express or implied is given in respect of the information provided and accordingly no responsibility is taken by Worrells or any member of the firm for any loss resulting from any error or omission contained within this fact sheet.

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