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Normally the trustee in bankcruptcy and the Courts have the final jurisdiction,unless it is a "voluntary" bankcruptcy where the rules are slightly different.

In the case of a creditor demanding to bankcrupt a client he would initially serve them with "A STATUTORY DEMAND" and this MUST BE ACCEPTED OR-CHALLENGED-and if it is left undefended then the matter usually progreses before the Courts ,however, the Judge may not grant an order if he is not satisfied with the writ/petition and may re-list the matter inviting the respondent to put forward a defence and or proposal.

In most Countries,like the UK,the discharge from bankcruptcy is usually over after 12 months.

The record remains on file ,however,for as long as ten years making it difficult to obtain credit.[Syed Amir]

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15y ago

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