Bankruptcy

Bankruptcy restrictions

Guide

If you are made bankrupt you will have certain bankruptcy restrictions placed on you.

During your bankruptcy it is a criminal offence to:

  • obtain credit of £500 or more without disclosing your bankruptcy
  • act as a company director
  • create, manage or promote a limited company without Court permission
  • work as an insolvency practitioner

Additional bankruptcy restrictions

There are some additional restrictions during your bankruptcy including, that you:

  • may not hold certain public offices
  • may not act as a trustee of a charity or pension fund

If you break any of these restrictions you may be prosecuted and/or the date that your bankruptcy ends may be delayed.

Developed with:
  • Department for the Economy