9. What are the costs involved with bankruptcy restrictions?
The costs of administering bankruptcy restrictions will be met first from funds accumulated from the sale of your assets and from contributions that you have made from your income.
When the Accountant in Bankruptcy is the trustee, costs that cannot be met by selling your assets or from contributions will be met from the public purse.
When an insolvency practitioner is the trustee, costs that cannot be met by selling assets or from contributions will be met by the trustee themselves. The insolvency practitioner will consider this before agreeing to act as trustee in your bankruptcy.
You should also be aware that you will still be responsible for any solicitor's costs that you incur.