Essential Skills: Bankruptcy
Annulment, discharge, s 73 composition
Understanding the differences between annulment, discharge and s 73 composition and their effects on bankrupts and trustees is essential knowledge for a bankruptcy trustee.
When advising bankrupt individuals on their options for concluding bankruptcy, understanding these differences, including their effects on the estate and the timelines for book and record destruction, is vital.
This course equips participants with a comprehensive understanding of the outcomes of annulments, discharges, and section 73 compositions for both parties involved, alongside insights into record retention requirements and estate finalisation to ensure legislative compliance.
Learning objectives
At the end of this course you will be able to:
- Understand the effects of annulment, discharge, and s 73 compositions.
- Recognise and advise on the differences between the options for ending a bankruptcy.
- Explain a trustee’s record keeping and retention obligations.
- Understand administrative processes for finalising an estate.
Course delivery
On-demand via ARITA Learning Centre
Cost
Individuals
$75 (GST incl.) for ARITA members and subscribers / Government
$125 (GST incl.) for non-members
Licensing packages
Flexible packages are available to suit firms of all sizes. You can purchase the entire suite of courses or specific subject areas. More information
CPE
Up to 0.6 verifiable CPE hours.
Prerequisites
We recommend you complete the Introduction to Insolvency Program or have one year of on-the-job experience prior to registering for this course.
Questions?
Contact our education team.
Please see our enrolment and cancellation policy .
See our full range of on-demand courses or find out more about our Essential Skills courses.