The Bankruptcy Amendment (Discharge from Bankruptcy) Bill 2023 (Bill) has been agreed to by both the House of Representative and the Senate and will now be presented to the Governor-General.
The Bill seeks to amend the Bankruptcy Act 1966 (Cth) (the Act) to provide legal certainty on the calculation of bankruptcy discharge dates, aligning the Act with current practices, by confirming that the discharge date is determined from when the Statement of Affairs is accepted, rather than when it was initially presented.
Why the change?
The amendment follows recent bankruptcy cases, such as Docherty v Porter, in the matter of Docherty (Bankrupt) [2021] FCA 1227, which have raised a point of contention regarding the calculation of discharge dates…
Read the full article at: https://chamberlains.com.au/the-bankruptcy-amendment-bill-is-moving-up/