Bankruptcy Restrictions Order

Bankruptcy Restrictions Order (BRO)

order made to protect the public and the commercial community from bankrupts whose conduct before and during bankruptcy has been found to be culpable.
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SNOOKER veteran Willie Thorne has had the conditions of a Bankruptcy Restrictions Order extended by four years after breaching the terms.
In February this year, the County Court at Cardiff made a bankruptcy restrictions order against him for 12 years.
He has been given a Bankruptcy Restrictions Order - generally handed to bankrupt people accused of dishonesty.
Restrictions are only triggered if an individual is made subject to a bankruptcy restrictions order or debt relief restrictions order.
"Although a Bankruptcy Restrictions Order can be imposed to extend the restrictions of bankruptcy for between two and 15 years for culpable behaviour, a BRO does not increase the bankruptcy term.
Last month O'Shea was banned from running a business for four years after a bankruptcy restrictions order was placed against him at Gloucester County Court.
And if you were judged to be a "reckless" bankrupt, the details of a Bankruptcy Restrictions Order could stay on your record for as long as 15 years.
On 7 February 2018, a bankruptcy restrictions order (BRO) was made by the court, as directed by the Secretary of State for Business, Energy and Industrial Strategy, against Mr Arrowsmith (47), ordering him to be bound for 14 years, by the restrictions set out in insolvency law that a bankrupt is subject to until they are discharged from bankruptcy normally 12 months until 2032.
Although a Bankruptcy Restrictions Order (BRO) can be imposed to extend the restrictions of bankruptcy for between two and 15 years for culpable behaviour, a BRO does not increase the bankruptcy term."
Last month, O'Shea was banned from running a business for four years after a bankruptcy restrictions order was placed against him at Gloucester County Court.
However, a new Bankruptcy Restrictions Order regime has been introduced under which discharged bankrupts can be subjected to continuing restrictions for up to 15 years.
She was made a bankrupt in August 2004, and has now been made subject to a bankruptcy restrictions order for a seven years.