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.
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.