Company Director after bankruptcy discharge but paying monthly payments

Livethedream93

Hi and thanks for any advice in advance.

I was declared bankrupt (sequestration here in Scotland) in 2017 and discharged by the AIB in 2018. I do however still make monthly payments to a trustee and will for another 2 years. Do I still have restrictions on setting up a Ltd company and becoming a director and also do I have any other restrictions. When I called the trustee to ask these questions they could not answer them and told me to call companies house. I would like to know where I stand before making any decisions.

Many thanks

Minkym00

As long as you are not subject to a bankruptcy restrictions order or undertaking then your restrictions on acting as a company director are lifted as soon as you are discharged.

Livethedream93

Hi, thanks for your response. That’s good news. The trustee( very large company) couldn’t tell me that after speaking with them twice as they said that I would not be discharged from them as I’m paying the monthly payments even though I’m discharged from the AIB. Many thanks again