Published in Debt Advice Features on Sunday, December 03 2006 by Ideal Debt Solutions
Yes. When you are made bankrupt it is entered on your credit record and this means you are subject to restrictions and limitations during and after your bankruptcy.
After sequestration you should be able to get credit at the discretion of the lender, but would usually be subject to a higher interest rate. By taking the bankruptcy route you would also experience a loss of control over your finances and estate as a trustee would take over your affairs.