Forming a limited company after bankruptcy

li0ness

I'm still deciding whether to go for the BR option or the IVA and I'm a bit confused about the restrictions imposed by BR and how long do the effects last.

I'm an IT professional and although I work as a permanent employee at the moment, I want to work on a contract basis in the future. There are 2 ways of doing this, and one of them (the more cost effective) is to setup a limited company.

Is this possible for someone who has filed bankruptcy in the past?

I know there may be restrictions during the bankruptcy, but how about after discharge?

Thanks in advance

skylight

If you are not subject to a BRO order (which is where your BR restrictions are in place for a period of years) then you can do whatever you like after your BR has been discharged which is normally a year or less.

the_bright_side

You can use an umbrella company. This is legal as they have the contract with the cleint and you are an employee of the umbrella company on PAYE

PM me if you want advice