Tools of trade in bankruptcy

You will be entitled to keep your tools of trade (at the date of bankruptcy) if they are worth less than $3,750. If your tools of trade are worth more than $3,750 (collectively) your Trustee in Bankruptcy would be entitled to sell them, however, the Trustee would need to provide you with the protected amount ($3,750) from the sale proceeds.

LOOKING FOR BANKRUPTCY INFORMATION?
VIEW OUR COMPREHENSIVE

INFORMATION
PORTAL

GET CONFIDENTIAL, OBLIGATION FREE
ADVICE
NOW

CALL 1800 093 070 NOW

*Subject to all bankruptcy forms completed in full.

AUSTRALIAN BANKRUPTCY SERVICES © 2016. ALL RIGHTS RESERVED. SITE DEVELOPED BY CC