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, channelling 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.
‘What is a Bankruptcy Restriction’ is just one of hundreds of questions we’ve answered over the years, but feel free to call us on 01425 600129 if you have any more questions or need bankruptcy help. We are here to help.