The Australian Financial Security Authority (aka AFSA) and the Australian Restructuring, Insolvency and Turnaround Association (aka ARITA) have released an information sheet that aims to assist creditors in understanding bankruptcy trustees’ fees.

The resource may assist creditors involved in a bankruptcy or personal insolvency to understand their rights and responsibilities in relation to the fees claimed by a bankruptcy trustee.

The information sheet outlines the ways a trustee’s fees can be calculated, the process involved in approving fees, and the way in which creditors are involved in this process.

For more information on bankruptcy trustees’ fees, contact ERA Legal.