The Bankruptcy Act 1966 does not impose any restrictions on employment in any trades or professions.

We help people declare or avoid bankruptcy. One of our popular options to avoid declaring bankruptcy is a Part 9 Debt Agreement. If you choose to enter a Beyond Debt Part 9 Debt Agreement, you will not be listed as bankrupt.

Bankruptcy refers to section 4 of the Bankruptcy Act. A Debt Agreement is an alternative to bankruptcy, however it’s an “act of bankruptcy”.

Particular industry associations or licensing authorities may impose certain restrictions or conditions should a member or licensee become bankrupt or enter into an arrangement under the Bankruptcy Act.

To check on possible restrictions on continuing with particular trades or professions just follow this link:

We recommend you contact your professional body or the HR Department. You will be able to get anonymous advice.