Undischarged bankrupt
A person who remains subject to bankruptcy because discharge has not yet taken effect and the normal bankruptcy restrictions still apply.
Related terms
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Discharged bankrupt
A person whose bankruptcy discharge has taken effect, ending most bankruptcy restrictions but not necessarily every obligation connected with the case.
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Bankrupt
A person who is subject to a bankruptcy order or equivalent bankruptcy process. Different rules apply in different UK jurisdictions.
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Bankruptcy restrictions
Legal limits that apply while someone is bankrupt, including restrictions on certain borrowing, business activities and company directorships.
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