This section deals with issues or problems you may encounter after going bankrupt. It includes information on what to do if creditors are still chasing you for payment and what happens when you’re discharged from bankruptcy.
When you’re declared bankrupt, your bank account may be frozen immediately. You may not be able to use it again and might find you have problems getting another bank account.
Lists actions which count as bankruptcy offences and what happens if you commit an offence.
When you become bankrupt, the official receiver will take control of all your property. You will need to provide them with certain information about your finances and have a duty to co-operate with them.
In some situations, you can apply to cancel your bankruptcy. You’ll need to apply to the court where you were originally made bankrupt. Cancelling a bankruptcy is called annulment and legally puts you back into the same position as you would be if the bankruptcy order had never been made.
Explains when and how you are discharged from bankruptcy, and what happens to your debts and belongings of value afterwards.
While you’re bankrupt, you have to follow certain rules. These rules are called ‘restrictions’.
If you’ve broken a bankruptcy rule, you might get a letter from the court or the person who deals with your bankruptcy – they’re called the ‘official receiver’.