What are the implications of declaring me bankrupt?
During your Bankruptcy period:
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You can't hold certain public offices.
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All assets including your home are controlled by the trustee.
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You can only conduct business using the name under which you were made bankrupt and you can't form, manage or promote a company without the court's permission.
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In certain circumstances your employment may also be affected.
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If you open a ban account you  will have to disclose the fact that you are bankrupt.
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Credit reference agencies will show that you were bankrupt for 6 years