Bankruptcy Restriction Orders & Undertakings

Simon Burn Solicitors is a recognised authority in the area of insolvency and has particular expertise and a strong reputation for its services in the specialist area of Bankruptcy Restriction Orders (BRO) and Bankruptcy Restriction Undertakings (BRU). Simon Burn Solicitors has a specialist insolvency conduct team to provide dedicated advice to individuals threatened with or subject to proceedings under the Enterprise Act 2002.

A BRO has many consequences. These include preventing you from acting as a Company Director (or being involved in the management of a company) and have a devastating impact both in terms of your reputation and the ability to earn a living. In addition the restrictions imposed by a BRO or BRU on incurring credit over the prescribed amount without disclosing the BRO or BRU and the obligations to disclose your status to anyone you do business with can have severe consequences. It is for that reason that it is important to take advice from proactive expert solicitors who have experience and expertise in devising appropriate strategies to either defeat proceedings brought under the Enterprise Act 2002 or to minimise the impact of a BRO or BRU.

The first step we always take is to acquire a detailed understanding of the full background and assess the prospects of successfully defending the action. Simon Burn Solicitors can and will defend you if at all possible and have done so successfully for many clients. Depending upon the particular factors in your case and your attitude towards litigation, alternative strategies can be explored such as offering a BRU. If this strategy is adopted then we can use our expertise and experience to negotiate acceptable terms for such an Undertaking.

Simon Burn Solicitors can also minimise the effect of a BRO or BRU by advising you in connection with and prosecuting a claim on your behalf for permission to continue to act as a Company Director or be involved in the management of a company. Simon Burn Solicitors has an enviable record of success in making applications for permission to act as a Director which allows individuals who are subject to BRO or BRU to continue in their business career.

If you require any information or assistance or have been threatened with proceedings under the Enterprise Act, please contact us as soon as possible. We are happy to have a no obligation conversation with you to see if we can help you.

Email: insolvency@simonburn.com