Bankruptcy Restriction Order (BRO) Reasons Online
Written by PayPlan on 16 March 2006
Reasons for restrictions on peoples bankruptcy has now been made available online at the Insolvency Service website.
Bankruptcy Restriction Orders (BRO) are usually applied when the Official Receiver considers that a person applying for bankruptcy may have been dishonest or reckless in their spending. BRO’s can extend the period of bankrutpcy from 2 to 15 years.
Performing a random search on a common name such as “Smith” will give you an example of the information now available.
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