You can seek to get your bankruptcy cancelled under the following circumstances:
- The bankruptcy order should not have been made in the first place, as you had not received the proper advice beforehand. It may be the case that a solution other than bankruptcy may be still be preferable to all parties involved.
- The bankruptcy order should not have been made due to errors in process and protocol. If all parties (you, all creditors, court) acted on incorrect or incomplete information, then the bankruptcy should have been avoided.
- All your bankruptcy debts and the fees and expenses of the bankruptcy proceedings have been either paid in full or secured (guaranteed) to the satisfaction of the court.
- You have had an IVA proposal approved to repay a percentage of debts over 5 years in return for a full and final settlement.