Request Call

Speak to a specialist adviser today
for a no-obligation chat.
First Name
 
Last Name
 
Phone Number
 
Email
 
Are You Curently Bankrupt
 
 

Latest Headlines

Need quick advice?

Ask an expert now and get an answer within the hour. Easy and FREE

Searching for information?

Visit our FREE archives and find the answer to thousands of questions.

Monday, 08 April 2013 10:47

Can I Start My Own Business If Bankrupt?

Written by  Jon
Rate this item
(0 votes)
I was made bankrupt last year and have yet to be discharged.  I want to start-up my own business and am wondering if being bankrupt will be a problem.

Answer:  You can be self-employed and start-up a company or business if you are bankrupt.  The only issue is that until you are discharged you cannot be the Director of a LTD company.

 

Regards,

 

Jon

Comments (0)Add Comment

Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.

busy

Insolvency calculator

Find out the best debt solution for you with our simple calculator:

Total Debt:

£

No of creditors:

 

Monthly income:

£

Monthly expenses:

£

Own home?

Yes No


Our Services

If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

Browse Categories