In Full Administration bankruptcy, you are discharged after 12 months as long as you have co-operated with your Trustee but if you can afford to do so you will pay an income contribution for 48months. When all payments have been made and all assets realised then your Trustee will complete all statutory work and complete the administration of your case. Any remaining unsecured debt (other than those excluded) in your bankruptcy will be written off.
In MAP bankruptcy, you are discharged after 6 months. Your Trustee will complete all statutory work and complete the administration of your case. The unsecured debt (other than those excluded) in your bankruptcy will be written off.