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  • FIRST POST
    • meepatme
    • By meepatme 8th Sep 17, 1:28 PM
    • 26Posts
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    meepatme
    Question
    • #1
    • 8th Sep 17, 1:28 PM
    Question 8th Sep 17 at 1:28 PM
    Hi guys quick question if anyone could help.

    If someone has been bankrupt they cant be a director and they cant work in financial circles.

    Is still the after it dropped off the records after 5-6 years?
Page 1
    • london1973
    • By london1973 8th Sep 17, 1:31 PM
    • 328 Posts
    • 91 Thanks
    london1973
    • #2
    • 8th Sep 17, 1:31 PM
    • #2
    • 8th Sep 17, 1:31 PM
    you can't be a director for the period of the bankruptcy, usually a year, after discharge restrictions are lifted-ditto 'working in financial circles' but that's rather vague so depending exactly what it is it might be permitted during BR, you are allowed to have a job!
    • TheGardener
    • By TheGardener 8th Sep 17, 5:05 PM
    • 2,167 Posts
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    TheGardener
    • #3
    • 8th Sep 17, 5:05 PM
    • #3
    • 8th Sep 17, 5:05 PM
    There are some professions that specifically preclude BR's even after if falls off their credit file - I believe chartered accountants, judges, police, Section 106 Officers (public sector)etc. However, not being a Director only applies during the 12mths of bankruptcy unless there is a BRO/BRU in place that restricts the BR for a defined further term.
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