Discharged bankrupt

A person who is no longer bankrupt, having been discharged by an order of the court or by operation of law. A discharged bankrupt, although still having some obligations to the trustee in bankruptcy, is contrasted with an undischarged bankrupt, who must fully comply with the provisions of the Bankruptcy Act 1966.

Even after discharge, the bankrupt’s name will remain on the National Personal Insolvency Index (NPII) permanently. Once discharged, the record will be updated to reflect the discharge.

Credit reporting organisations are allowed to keep a record of bankruptcies for up to five years from the date of declaration, or two years from the date of discharge, whichever is longer. A discharged bankrupt is permitted to contact these organisations to have their credit file updated to reflect the discharge date and to enquire about how long the bankruptcy record will remain on their file.