Bankruptcy Restriction Orders (BRO)
New laws have been introduced which are aimed at protecting the public from those
bankrupt's whose conduct has been either reckless or irresponsible. The Official
Receiver can apply to Court for a BRO to be made against an individual and the effect
of such an order includes:-
• Obtaining credit beyond £500 without Court's permission is a criminal offence
• The Bankrupt has to trade in the name under which the person he/she was adjudged
bankrupt
• Prohibition from acting as a director of a limited company
The period of the BRO will depend on how culpable the bankrupt is deemed to be. As a
guide the period for the restrictions is imposed as follows:
• 2 - 15 years Culpable
• 5 - 10 years Reckless
• 10 - 15 years Dishonest
To find the best solution for you Contact Simply Debt Solutions or Send Your Details to
The Debt Advisor today.
Working with The Debt Advisor Ltd
