My income or employment has changed (or may change)

One of your obligations when bankrupt is to keep your trustee informed of any changes in your income or employment.

For example, if you:

  • change jobs
  • receive higher or lower income (including government assistance)
  • stop working.

There is no limit to the amount of income you can earn while you're bankrupt. There is also no limit to the amount you can save during your bankruptcy.

However, if your after-tax income goes above a set amount, you may need to make compulsory payments[?]. This amount changes with how many dependants you have.

For more information see How does bankruptcy affect my income and employment?

Next step:

    If your trustee is the Official Trustee[?] (AFSA) update us now.

    Update my income or employment details

    When you update your income, your trustee may request further information if they believe your income exceeds the set amount. If you trustee is the Official Trustee (AFSA), they may send you a statement of income form to complete.

    Find out about: