Bankrupts must hand their passport to the trustee unless excused by the trustee (s 77(1)(a)(ii) When a debtor who cannot pay their debts has their money and property taken over and managed by a trustee who uses it to pay back creditors. The debtor is then called a bankrupt. A written law made by parliament. Also called an ‘Act of parliament’, ‘statute’ or legislation.). In general, AFSA, if it is the trustee in the bankruptcy, A document that sets out what a person wants to happen to their money and other property after they die. not require bankrupts to hand in their passports.
Applications for permission to travel overseas
Bankrupts must apply in writing to the trustee for permission to travel overseas and pay a fee to make this application. If AFSA is the trustee, it generally considers the following criteria when deciding whether or not to give permission to travel:
- Is the travel necessary to earn income?
- Does the travel relate to the death or serious illness of a close relative?
- Has the bankrupt made arrangements for making compulsory contributions in advance?
- Can the bankrupt show that someone else is paying for the travel?
- Is there a return ticket?