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Discharge from bankruptcy

How long does bankruptcy last?

You will normally be automatically discharged from bankruptcy after 1 year.

This period could be shorter if you can come to a settlement with your creditors.

This period could be longer if you do not fully co-operate or if you fail to disclose all of your property.

While bankruptcy normally ends after 1 year, ownership of your unsold property will remain with the Official Assignee, until sold.

Frequently Asked Questions on Automatic Discharge from Bankruptcy  15X15