This website uses cookies to improve user experience.

Read More | Close
menu

What is undischarged bankruptcy?

Bankruptcy / Guide

An undischarged bankrupt is someone who is still going through the process of bankruptcy, which usually takes a year.

They’ll have certain restrictions placed on them, such as:

  • not being able to borrow more than £500 without informing the lender of their bankruptcy
  • not being able to hold certain positions in public office or act as a company director

Next: What happens when bankruptcy finishes?

Back to top

Further advice & support...