Failure of my IVA
The restrictions of bankruptcy
Individuals who have been made bankrupt are subject to restrictions on their activities until they are discharged from the bankruptcy. Breaching these restrictions may constitute a criminal offence. Restrictions include:
- Obtaining credit of £500 or more, either jointly or alone – the fact that the individual is bankruptcy must be disclosed;
- Carrying on business in a different name than in which the individual was made bankrupt;
- Promoting, forming or managing a limited company or acting as director; and
- Holding office as trustee of a charity or a pension fund.
A genuine solution to your debt problems is our goal. This website is a good start, but we can do far more for you - without obligation.
Call us free on 0800 083 1433 and talk to an experienced debt advisor immediately, with no wait time. Because Debt Free Direct is the leading provider of advice on debt problems, we can help you to understand all of your options:
- Take a thorough look at your situation
- Find out what's best for you - without charge
- Start a solution today if you want to
Calls from a landline are free or you can ask for a callback here.
We look forward to speaking to you soon.
Nicola Teader, Insolvency Practitioner
Debt Free Direct
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