Glossary Of Debt Management & Financial Terms
Annulment of Bankruptcy
This is when a Bankruptcy has been cancelled. It can then be removed from a credit report.
This is the cancellation of a bankruptcy order, by the court. The court aims to put an individual into a position whereby it is as if the order had never been made. This is for the court to consider, but only under certain circumstances. Further specific advice should be taken by anybody seeking the annulment of a bankruptcy order. This is when a Bankruptcy has been cancelled. It can then be removed from a credit report. This is the cancellation of a bankruptcy order, by the court. The court aims to put an individual into a position whereby it is as if the order had never been made. This is for the court to consider, but only under certain circumstances. Further specific advice should be taken by anybody seeking the annulment of a bankruptcy order.
