....will it be before they can become a director of a limited company. they were not a director at the time of bankrupcy but have been in the past. thanks.
2006-07-19 09:44:29 · 6 answers · asked by mummyzgall 3 in Business & Finance ➔ Other - Business & Finance
My understanding is a bit different from the others here, I thought that you were barred from holding a directorship of any sort following bankruptcy, and the only way to get a directorship afterwards is to get the court's permission to do so - which they do give, many bankrupt's become directors again at some point.
2006-07-19 09:55:18 · answer #1 · answered by nkellingley@btinternet.com 5 · 2⤊ 0⤋
Normal time frame is 6 months for discharge, but he needs to make sure that he is not hiding anything from the court. If he does and in their investigation they find out, he will be in deep trouble.
2006-07-19 16:49:07 · answer #2 · answered by pappa_15 3 · 0⤊ 0⤋
Min of 3 years. Judge should have told him/her.
2006-07-19 16:48:36 · answer #3 · answered by deadly 4 · 0⤊ 0⤋
Depends on the amount to debt he was in....
Generally it's 5 years.
2006-07-19 16:53:04 · answer #4 · answered by Hedgehog 3 · 0⤊ 0⤋
I believe it is six years from the date of bankruptcy.
2006-07-19 16:49:42 · answer #5 · answered by stevojc 2 · 0⤊ 0⤋
i believe it's seven years, but they should have been given all the info at the time?
2006-07-19 16:48:24 · answer #6 · answered by Kirsty 3 · 0⤊ 0⤋