Bankruptcy FAQ

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?

Can you keep your car if you go Bankrupt? What if it is worth more than £2000? Could you sell it beforehand? What if it is on finance?

Can you keep your house after you go bankrupt? What happens if there is no equity? What if there is equity?

Do you still have to make debt payments after you go Bankrupt? If so for how long? What if your circumstances change? What if you are on benefits?

What is the standard length of Bankruptcy? Can this period be extended? How long do creditor payments last? Over what time is your Credit Rating affected?

How will your job be affected by Bankruptcy? Can you go Bankrupt if self employed or a Company Director? What about getting a new job?

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 afterwards?

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

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