Question:
How long after being declared bankrupt does it take to become a company director again, i understand it is in the region of 6 years
Would this also apply if a company goes into insolvency?
Answer:
Bankruptcy stays on your credit file for six (6) years, but once discharged, which usually is within 12 months, you can become a Director. You just cannot be a Director of a LTD company whilst in bankruptcy, once discharged it is OK.
As for business it may be different as they are a separate entity of their own and really do not have a credit report if they go bust. Companies just start out again under a new name. You can inquire with an accountant or Insolvency Practitioner for more information on this.
Thank you for letting me help you.
Jon
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