Bankruptcy restrictions
Legal limits that apply while someone is bankrupt, including restrictions on certain borrowing, business activities and company directorships.
Related terms
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Bankruptcy Restrictions Undertaking (BRU)
An agreement by a bankrupt person in England and Wales to accept extended bankruptcy restrictions without the court making a BRO.
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Interim Bankruptcy Restrictions Order (IBRO)
A temporary court order in England and Wales extending bankruptcy restrictions while an application for a full Bankruptcy Restrictions Order is being decided.
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Bankruptcy Restrictions Order (BRO)
A court order in England and Wales that extends bankruptcy restrictions where serious misconduct is established, potentially for several years.
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