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.

Mentioned in ?

References in periodicals archive ?

In February this year, the County Court at Cardiff made a bankruptcy restrictions order against him for 12 years.

Man ran failed PS8.5m spread betting scheme

He has been given a Bankruptcy Restrictions Order - generally handed to bankrupt people accused of dishonesty.

10 years of bankruptcy for boss with PS500k debts

Restrictions are only triggered if an individual is made subject to a bankruptcy restrictions order or debt relief restrictions order.

bankrupt; ...but BNP leader Griffin will fight Euro elections

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.

'Rules are too lax'

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.

O'Shea free to start training again as BHA grants licence in principle

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.

YOUR money: pounds NOTES - Loan hit or myth

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.

Bankrupts 'seen as receiving lenient treatment'

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.

BHA keeps O'Shea waiting on decision

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.

BANKRUPTCY RETHINK

She was made a bankrupt in August 2004, and has now been made subject to a bankruptcy restrictions order for a seven years.

Bankrupt landlady given restriction order

A bankruptcy restrictions order that runs until June 18, 2011 was filed against O'Shea at Gloucester County Court last month after he was declared bankrupt in October.

O'Shea has licence terminated after being declared bankrupt

The court has powers to make disqualification orders, bankruptcy restriction orders, interim bankruptcy restrictions orders and bankruptcy restriction undertakings where the court makes a formal bankruptcy order against the debtor under the Personal Over-Indebtedness Procedure.