A Bite-Sized Guide to Bankruptcy - Suspension of Discharge, Trustee’s Powers & More

Introduction

This short new webinar will focus on the below topics:

The webinar will be of interest to those advising persons who are facing bankruptcy, including those considering petitioning for their own bankruptcy, those who have been made bankrupt, and those whose discharge has been, or may be, suspended, and those advising trustees in bankruptcy.

It will address the topic of suspension of discharge against a background of an increasing focus in the legislation upon enabling persons made bankrupt to get back upon their feet.

What You Will Learn

This webinar will cover the following:

• Trustee’s powers to obtain information:
  • The bankrupt’s duty to co-operate. The risk of contempt of court.
  • Private examinations and public examinations. Who, in addition to the bankrupt, may be examined?
  • When may an application be made without notice?
• Discharge:
• For most bankrupts, discharge from their bankruptcy currently occurs automatically after a period of one year, a considerable reduction of the previous period of three years.
• From the bankrupt’s point of view, what changes when discharge occurs?
• What obligations on the bankrupt continue after discharge?
• Suspension of discharge:
• Who may apply to suspend discharge?
• What is the purpose of suspension? If a suspension order is made, on what grounds might it be suspended? Is it a punishment?
• How are the rights of the bankrupt and the trustee in bankruptcy to be balanced?
• By when must such an application be made?
• For what period, and upon what terms, might suspension be suspended?

This webinar was recorded on 23rd November 2021