Bankruptcy and your business

As a sole trader you are allowed to continue to trade "during bankruptcy" provided that you continue to use the trading name from pre bankruptcy.

Obtaining credit of £500 or more requires you to advise the creditor that you are currently bankrupt. Not to inform the lender is a criminal offence so this is really important.

The biggest hurdles in continuing to trade are:-

The lack of a separate business bank account

Handing over of assets to the official receiver at the point of bankruptcy.

Business Cashflow