Bankrupts can personally sue for post-bankruptcy income

In Davey v Dessco Pty Ltd & Anor, the Victorian Supreme Court recently held that post-bankruptcy income does not vest in a trustee in bankruptcy, and that an undischarged bankrupt is entitled to sue for such income for in the bankrupt’s own name.   The decision overturned a lower Court’s decision staying the bankrupt’s proceeding.

Liability limited by a scheme approved by professional standards legislation.