Hello. I had to leave my stressful job due to depression in June. I did actually work in trading in the stock market. Stupidly, I thought I could trade via spread betting firms for a living. I borrowed £33k since June and have lost all of it. If i were to go bankrupt, how would I be treated and what type of restriction might i get? many thanks if you can help.
A lot depends on whether spread betting was part of your job or you took a gamble. The former would be acceptable but gambling is frowned upon. The term of your bankruptcy could be increased or you could get a Bankruptcy Rectrictions Order made against you for a certain length of time after your bankruptcy. This simply increases the length of time that the restrictions made against you when you declared yourself bankrupt are lifted.
Hope this helps.
John Blackadder Bankruptcy365
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk.
Hello. I had to leave my stressful job due to depression
Posted - 17 September 2011 : 19:40:46
