How long does this period of being a bankrupt last?
The bankruptcy period usually lasts just 12 months. However, if you incurred your debts irresponsibly (through gambling, for example), or if you incurred your debts when there was no realistic prospect of repaying them, then the Official Receiver could obtain a bankruptcy restrictions order against you. This means the bankruptcy conditions could apply for a further two to 15 years. About 1,000 people a year currently have these additional restrictions placed upon them.