Bankruptcy and employment restrictions: The need for a new approach

Entering into bankruptcy has significant personal impacts—with the loss of divisible assets being the most immediate and well-understood impact. However, there is also the potential for bankruptcy (and often also other personal insolvency administrations) to have an adverse impact on a person’s ability to engage in employment and business. Where such impacts eventuate, it is likely that the ‘fresh start’—one of the main objects of bankruptcy[1]—will be difficult to achieve..