Speak to one of our specialist advisors 0808 156 7730

Q&As and Ask an Expert

Can I work if I am bankrupt?

10 years ago - Posted by

Struggling with debt?

Find out if you are eligible to write off unaffordable debt.

8 Answers

TAD Member

10 years ago

Yes, of course once a person declare bankrupt it deserves to have second chance and start his new accounts and manage it well.

TAD Member

10 years ago

Yes, of course once a person declares bankrupt he/she deserves to

have second chance and start his new accounts and manage it well.

TAD Member

10 years ago

Yes, of course everybody who experience bankruptcy will deserve a second chance.

TAD Member

10 years ago

I am trying to set up a theatre school to teach adult students with a business partner. We will not be a limted company. This will be self funded and I request your guidance as to whether this is possible

If you have a question to ask, please go to 'Ask a Question' to post your enquiry. Thank you.

TAD Member

10 years ago

I made myself bankrupt on 14th August 2012 because of personal debt. I was not a company. I have not worked for 18 months and now have the oppertunity to start a theatre school with a business partner. We will not be a limited company and will self fund the process based on student fees. I would like to facility to contribute to my debt and self employment looks like my best option. I am looking fof advice on whether this is possible. I have spoken to the Insolvency Agency who have suggested that I need legal advice. I do not want to do anything that may not be legal or upset the insolvency Agency. I would be grateful for any imformation and guidence that can help with this situation

ANSWER TO YOUR ABOVE QUERY – please go to 'Recent Questions' on the Homepage for an answer to your question.

TAD Member

10 years ago

Hi I went bankrupt on 2/1/13 I am currently unemployed, im looking to go back to work asap self employed if i do will i have to pay the money owed back??

ANSWER TO YOUR QUERY:

Please go to the homepage where we have posted your question under the 'Ask an Expert' section.

If you have a question to ask, please go to 'Ask a Question' to post your enquiry. Thank you.

TAD Member

10 years ago

I was made bankrupt by HMRC at 65 on 19 July last. I had worked for over 40 years. I ran my own business as a sole trader/proprietor for 20 years. My commercial landlord was therefore able to have me evicted. I don’t have to work but am not ready to retire. I have unsuccessfully been looking for related work and other options but to no avail.

I have been looking at the possibility of starting another small business in a related field but am unsure whether I am able to do so. It is unclear according to different websites I have visited. One reads that it is OK after a year and another seems to say if I do carry on working it would have to be the same name as before.

I have other questions too but my trustee is ignoring me saying she charges £300 per hour for her services and her duty is to get as much as possible for my creditors. She is not at all pleasant and seems to consider me unco-operative.

My home of nearly 30 years will have to be sold and it is not clear where I will go. Neither is it clear whether it will have to be sold after one year or three. There is subsidence at the moment so it is unmarketable.

If you cannot or will not answer these queries for whatever reason, I would be grateful if you could point me in the right direction.

TAD Member

10 years ago

The only jobs you can’t do if you are bankrupt are:

  • Be a company director or be involved in the management, formation or promotion of a limited company with court permission.
  • Join the police or military.
  • Practice as a lawyer or chartered accountant

Have you investigated the alternatives to bankruptcy? IVA and Debt Management.

They are les restrictive and may be another option for you.

Answer the question

Debt solution finder

FREE personal debt advice

Complete our debt solution tool to get FREE individual debt advice now

  • Completely anonymous
  • Free and easy to use
Try our debt solution tool

If you have a question on a particular debt topic, you may find the answer in the questions below or in our full Q&A section.

Request debt help & advice

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean rutrum lacus at magna lacinia efficitur. Sed sodales, diam ac aliquam tristique, urna ligula eleifend lorem.

Our team of specially trained consultants can advise you on the best debt solution based on your current situation. For confidential advice Just fill in the form below and one of our team will call you back




If you consent to us contacting you for this purpose, please tick here

Live Chat

Got a question? Our advisers will point you in the right direction.

  • Monday to Friday, 8am to 8pm
  • Saturday, 9am to 1pm
  • Sunday and Bank Holidays, closed
Launch chat

Call us

Got a question? Our advisers will point you in the right direction.

0808 156 7730
  • Monday to Friday, 8am to 8pm
  • Saturday, 9am to 1pm
  • Sunday and Bank Holidays, closed