Your credit record and bankruptcy

If you enter into bankruptcy or debt agreement, it will be noted on your credit record and these entries normally last for five years.

It will also be recorded on the National Personal Insolvency Index (NPII), a permanent public record maintained by the Australian Financial Security Authority (AFSA). Conducting a search on the NPII for a personal name costs $15.

Your credit record includes information such as your personal details, credit applications, credit defaults and judgements, and other relevant data.

Credit records are maintained by companies, not the government. You can access your record report from these sites: www.veda.com.au and www.checkyourcredit.com.au

For information on credit reports, we recommend www.moneysmart.gov.au

Alan Nicholls’ no obligation help desk

Nicholls & Co provide a free, no obligation ‘help desk’ for people considering bankruptcy – we discuss and explain bankruptcy and answer questions for anyone who is considering bankruptcy. The Nicholls & Co help desk can be accessed by phone (1300 060 122) or helpdesk@nichollsco.com.au . Alan Nicholls, Registered Trustee in Bankruptcy is also available to answer your questions to enable you to decide if bankruptcy is right for you.