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What is a Bankruptcy Restriction - Bankruptcy UK

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What is a Bankruptcy Restriction

A Bankruptcy Restriction is usually imposed when dishonesty has been revealed in the Official Receiver’s investigation of your affairs. This means that your Bankruptcy is extended by one to several years, depending upon the seriousness of the matter. Failure to disclose assets, fraud, channeling money through other people’s accounts, running up debts where there was no real prospect of ever being able to repay them, gambling and general non-cooperation with the OR will not help matters. Best to play it straight with the Official Receiver.

 

Bankruptcy UK

Bankruptcy UK