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 when the bankrupcy is over can i set up a company

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T O P I C    R E V I E W
jane8 Posted - 14 November 2008 : 18:32:00
when the bankrupcy is over can i set up a company or a limited company
4   L A T E S T    R E P L I E S    (Newest First)
John Posted - 15 November 2008 : 13:59:15
Hi

you may carry on asa sole trader whilst in bankruptcy and of course after discharge and again if you are subject to a BRU/BRO.

To be a director of a limited company you must first be discharged from bankruptcy and if still under restriction of a BRU/BRO you must wait for that to end too.

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debtrider Posted - 14 November 2008 : 21:04:36
Hello Jane8

I don't think there's anything stopping you from running a LTD company when discharged although if you were subject to a BRO/BRU then this may stop you. Maybe one the experts will be able help you out on this one.

All the best

Debtrider
debtrider Posted - 14 November 2008 : 20:55:25
Hello Jane8

You can still be self employed as a Sole Trader when you are bankrupt and don't have to wait until you are discharged, but not a LTD one.

All the best

Debtrider
pjm Posted - 14 November 2008 : 18:44:26
As a company (self employed yes)
LTD companies are a different matter, don't think you can be a director or certanly not with out approval. Think you can be a company secretary but thats about it. However i am sure someone on here with better experience will be able to answer.

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