bankruptcy

[worriedgirl]

As anyone who has declared themselve bankrupt had a BRU against them.

[buttercup]

What exactly is a BRU? and what does it mean for the bankrupt.

[worriedgirl]

Sorry a BRU /BRO Bankrupcy Undertaking/Order and extended time in bankruptcy i think for bad conduct of your credit

[chris.g]

Yeah, they are a punishment for not co-operating and/or hiding assets/information. If the OR deems that you have been irrisponsible or reckless leading upto or during your br, they can apply a BRU/BRO. They can last for upto 15yr so they are quite serious.

[worriedgirl]

thanks

Did you get one and what sort of thing do they give them for.

[chris.g]

I haven't got one, and hopefully won't get one!
check this link out, should explain a few things, [:)]
http://www.insolvency.gov.uk/freedomofi ... BROBRU.HTM

[Skippy]

I didn't get one. Have a look on the Insolvency Service website where it lists all outstanding BRU/BRO's and the reasons they were given - http://www.insolvency.gov.uk/databases/ ... search.htm

[buttercup]

A real name & shame board then. did not realise they could do that

[ianmillington]

That is exactly how I describe it.

Ian