What happens to an individual once a bankruptcy order is passed?

When a bankruptcy order is made against an individual, they become classified as an un-discharged bankrupt. This status indicates that the person is still under the conditions and restrictions imposed by the bankruptcy process. An un-discharged bankrupt is expected to comply with the obligations set forth by the bankruptcy order, such as the provision of information to the appointed trustee and the potential use of income over a certain threshold to pay off creditors.

Being categorized as an un-discharged bankrupt can impact various aspects of an individual's financial life. For instance, they may face limitations on obtaining credit and may be subjected to restrictions regarding certain types of employment. Additionally, they are not permitted to hold certain public offices or positions in companies without permission.

This understanding of being an un-discharged bankrupt underscores the serious implications of such a legal status, contrasting sharply with the notion of discharge, eligibility for credit, or retention of assets. Discharge is a subsequent stage of bankruptcy where an individual may be released from debt obligations, thus transitioning to a discharged bankrupt status.