I was declared bankrupt as an individual in Autumn 2009 and discharged a year later. I now know that depression and undiagnosed Adult ADHD (with it's charcteristic of impulsive nature and terrible organisation) was the main reason behind it all. I'm now in a position of needing to set a company up to sell ideas and patents. With the medical background and never having been a director previously, is there any appeal I can make to circumvent the normal 6 year restrictions on being a company director. Bankruptcy worked for me, but it was unforseen that I might need to set things up now and I feel that there must be a way!
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.
You cannot be a company director while your bankruptcy remains undischarged. Furthermore, you are legally prohibited from managing, forming or promoting a limited company unless you have the explicit permission of the court.
If you attempt to become a company director while your bankruptcy is undischarged, you will be breaking the law. Once your bankruptcy has been discharged, you are free to become a director again.
good accountants or business coaches will be able to give guidance if ltd co or partnership or sole trader is best for you
I was declared bankrupt as an individual in Autumn
Posted - 29 October 2011 : 09:12:01
