Bankruptcy FAQ

Which jobs are affected by Bankruptcy? Can you go Bankrupt if you are self employed or a Company Director? Are future employment prospects affected?

A history of Bankruptcy Law in England & Wales. The Enterprise Act and Bankruptcy. Changes to the Bankruptcy rules since 2009.

What does Discharged from Bankruptcy mean? Can you be discharged early? Could your discharge ever be delayed? What happens after you are discharged?

When is a Bankruptcy Restrictions Order issued? The difference between a BRO and BRU. How will a BRO affect you? What if you get a windfall during a BRO?

Your house is not automatically sold if you go Bankrupt. What if there is no equity? What if there is equity? How does bankruptcy affect joint property?

Information about whether foreign travel is allowed while you are bankrupt.

Can you keep the Bank Account you currently use if you go Bankrupt? How to open a new account for use if you go bankrupt. Can you have a business account?

Which possessions can you keep if you go Bankrupt? Can you give assets away before Bankruptcy? Is the value of your things checked? Can you keep your pets?

The debts included in Bankruptcy. Are CCJs and HMRC debts included? What happens to benefits overpayments? Which debts are not written off?

Information about whether it is possible that you could still owe money after your bankruptcy is over and the types of debt not written off by bankruptcy.