Bankruptcy Restriction Order

If the official receiver considers that the conduct of a bankrupt has been dishonest or blameworthy in some other way, he (or she) will report the facts to court and ask for a BRO to be made. The court will consider this report and any other evidence put before it, and decide whether it should make a BRO. If it does, you will be subject to certain restrictions for the period stated in the order. This can be from 2 to 15 years.

Other terms you might need to know

OR = Official Receiver
IPA = Income Payment Agreement
IVA = Individual Voluntary Arrangement
IPO = Income Payment Order
DMP = Debt Management Plan
BR = bankrupt/bankruptcy
BRO = Bankruptcy Restriction Order
CCCS - Consumer Credit Counselling Service
DFW = Debt-free Wannabe
SOA = Statement of Affairs
HPA = Hire Purchase Agreement
DCA = Debt Collection Agency