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Can a bankrupt start a new company?

In the UK a bankrupt cannot carry on a business. However, after twelve months of restriction, and provided no adverse behaviour on the bankrupt's part has taken place, a discharge is issued by the Court After discharge a bankrupt can carry on, or start, a business without the restrictions that applied during their bankruptcy. And, provided they are not subject to a separate disqualification order, a discharged bankrupt can also act as a director of a limited company or be involved in its management.


What happens if my bank goes bankrupt?

If your bank goes bankrupt, your deposits are typically protected up to a certain amount by the government through deposit insurance. You may not be able to access your funds immediately, but you should eventually receive your money back. It is important to stay informed and follow instructions from regulatory authorities during this process.


Who controlled the steel industry?

Andrew Carnegie controlled the steel industry during the Industrial Revolution.


did Athens go bankrupt?

Athens did not go bankrupt in the traditional sense, but it faced severe financial crises, particularly during the Greek debt crisis that began in 2009. The city's financial struggles led to austerity measures, significant cuts to public services, and reliance on international bailouts. While Athens itself did not declare bankruptcy, the broader Greek state experienced a significant debt crisis, impacting the city and its economy severely.


Is the 8 dollar bill real?

Not today, but during the time of the Revolution there were many denominations of bills in America including such odd amounts as $8, one-sixth of a dollar, and others.

Related Questions

Who was bankrupt during the french revolution?

France was bankrupt. King Louis and his wife spent it all.


Did the Russians win the Russian Revolution?

Given that during the Revolutions Russians were fighting Russians, you could say that Russians won. You could also say that Russians lost.


Who were the Russians fighting during the Russian Revolution?

The Communists were overthrowing the Tzars.


Who did the Russians fight during the Russian Revolution in 1917?

corn dogs


What was the significance of White Russians during the Russian Revolution?

They were the army of the Czar. (The King).


What changes caused an increase in pollution during the industrial revolution?

increased in urbanization


Which of these changes caused an increase in pollution during the Industrial Revolution?

(Apex) Increase in urbanization.


What caused the September Massacre during the French Revolution?

The people of Paris didn't want a counter-revolution from the clergy who were imprisoned, so they killed them.


What factor caused cities to grow during the Industrial revolution?

The industrial revolution by displacing framers. They moved them to the city to find work.


How did the changes caused by the industrial revolution generate conflicts?

New social classes emerged due to urbanization during the industrial revolution.


During the winter of 1942-1943 Russian troops stopped the Germans at where?

German troops were totaly destroyed by the Russians at Stalingrad which eventually caused Germanys fall.


What caused the dollar to be devalued during the American Revolution?

Simply, Inflation of printing too much paper money for weapons during the war.