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Set up as self employed during bankruptcy

Are you able to set up and register as a sole trader prior to discharge from bankruptcy?

Comments

  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you're a sole trader, that would make you the director of the business/company, so this isn't allowed if bankrupt. I'm probably completely wrong though!
  • luvchocolate
    luvchocolate Posts: 3,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Barny1979 said:
    If you're a sole trader, that would make you the director of the business/company, so this isn't allowed if bankrupt. I'm probably completely wrong though!
    Please remember people that come to this board can sometimes be in a bad place. 
    If you have no knowledge I would suggest not replying rather than confusing the OP. 
  • Minkym00
    Minkym00 Posts: 791 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Being a sole trader doesn’t make you a director. To become a director you have incorporate a company and lodge the appropriate paperwork at Companies House. 

    You can be a sole trader, nothing wrong in that.
  • MalMonroe
    MalMonroe Posts: 5,783 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 27 August 2020 at 2:38AM
    Hi, here is some information from Citizens Advice. 
    https://!!!!!!/2YUeIhx

    In fact, Citizens Advice can give you lots of sensible (and correct) advice about this.

    Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.
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