In full administration, you cannot apply for credit of £2,000 or more, without telling the creditor that you have been made bankrupt and are under this restriction. In addition, you cannot apply for credit of any amount when you already have debts of £1,000 or more, without telling the creditor that you have been declared bankrupt and are under this restriction.
In MAP, for 6 months after your discharge, you cannot apply for credit of £2,000 or more, without telling the creditor that you are a discharged bankrupt. In addition, for 6 months after your discharge, you cannot apply for credit of any amount when you already have debts of £1,000 or more, without telling the creditor that you are a discharged bankrupt.
You are allowed to obtain credit once you are discharged from bankruptcy, however, you may find it difficult due an adverse credit rating. Credit reference agencies usually hold information on your credit file for 6 years, so it may take time to build up your credit score again.
It is possible to help improve your credit history by maintaining, for example, mobile phone contract payments and other such payments. It is advisable to seek further information on how to improve your credit rating at the conclusion of your bankruptcy.