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.