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Registering a company

Can a bankrupt person become a sole trader?

If you were sole trading prior to bankruptcy, you may require permission from the courts to continue trading or start a new business and you cannot mask your identity through the concept of “trading as”.

If you are recently bankrupt you may be required to pay a quantity of your income back to your Official Receiver if your business is successful. Inevitably you will find it harder to obtain credit facilities.

Other Registering a company FAQs