Bankruptcy FAQ

Can you be self employed if you are Bankrupt? Can you keep your tools? Do you have to change your bank account? What happens to your premises and employees?

Can you remain in your house after you go bankrupt? What happens if there is no equity? What if there is equity? How to buy back your financial interest

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?

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

Can you keep your bank account if you go Bankrupt? How to open a new account. Should you pay for an account? 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?