The short answer is yes – I am not a lawyer, but if experience is a guide, then the trustee can stretch this out and I doubt there is much you can do about it without engaging lawyers. One consideration is whether the ‘bankruptcy’ is voluntary or not.
One of our owners (in a large scheme in NSW) turned an $18,000 debt in levies to over $100,000 debt in levies/legals/interest in just over a year! The OC eventually got all their monies (plus interest) back but I still shake my head at the stupidity and nonsense of it all.
Good luck