![]() ![]() ![]() overseas debt - Any debts owed to a creditor that is based overseas are included in the New Zealand bankruptcy.So while you are released from the debt on your discharge, the other person is not. joint debts - if you owe a debt jointly with another person, the creditor has the right to claim the full amount from either person.These debts are included in your bankruptcy, but will only be paid from proceeds if the contingency actually arises. You don’t have to pay any money now but you might have to repay the debt in the future if your friend doesn't pay. when you sign as guarantor for a friend’s finance agreement. Your bankruptcy will include all debts that you owe at the date of your adjudication unless specifically excluded below. On discharge from your bankruptcy, you are released from most of the debts included in your bankruptcy and you don't have to pay any more of the outstanding amount owed to the creditors included in your bankruptcy. Once you're adjudged bankrupt, creditors can't continue to chase you for any debt included in your bankruptcy. You can be prosecuted for breaking any of these rules. to be self-employed or employed by a relative or a relative’s business.to take part in the management or control of any business (this includes if you file your own taxes, ACC levies or workplace insurance, or you’re responsible for meeting any regulations, e.g.try to prevent the Official Assignee from dealing with any of your assets.fail to provide information or lie to the Official Assignee.be a director of a limited liability company.This should be done in writing to avoid any misunderstandings take on any new debt over $1,000 without telling the new creditor that you're currently bankrupt.notify the Official Assignee and your Debt Repayment Order Supervisor if you change your:.help the Official Assignee and provide all records and information you’re asked for.Complete liquidation statement of affairs.Apply for consent to be employed by a relative.Apply for consent to enter into business.Complete bankruptcy statement of affairs. ![]()
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