Bankruptcy Restrictions Order (BRO)
Legal & insolvencyA court order that extends restrictions on someone after bankruptcy.
Overview
BROs are used when behaviour is considered reckless or dishonest.
They can extend restrictions beyond the usual bankruptcy period.
Why it matters
- It prolongs the effects of bankruptcy.
- It can affect your ability to borrow or run a business.
- It signals serious financial misconduct.
FAQs
How long can a BRO last?
It can extend restrictions for several years.
Does a BRO affect my credit file?
The bankruptcy itself affects your credit report; a BRO extends the consequences.
Related terms
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