2.1 What sort of behaviour can lead to a BRO?
Your behaviour both before and during your bankruptcy will be considered when deciding if you should be subject to restrictions. The following are examples of behaviour that could be considered dishonest or blameworthy:
- not co-operating with your trustee during the period of your bankruptcy;
- incurring debts that you knew you had no reasonable chance of repaying;
- giving away assets or selling them at less than their value;
- deliberately paying off some creditors in preference to others;
- gambling or making rash speculations or being unreasonably extravagant;
- failing to keep or produce records that would explain a loss of money or property;
- fraud or fraudulent breach of trust;
- causing your debts to increase by neglecting your business affairs;
- failing to supply goods or services that have been paid for; and
- carrying on a business when you knew or ought to have known that you could not pay your debts.