Final answer:
The incorrect bankruptcy restriction is B, as bankrupt individuals normally can make routine purchases without trustee approval. The accurate restrictions involve disclosure of bankruptcy status, prohibition from corporate directorships, and potential employment limitations in certain fields.
Step-by-step explanation:
The option that is not a restriction placed on a bankruptcy is B. The bankrupt cannot make any purchase without the approval of the trustee. While bankruptcy does impose several limitations, absolute restriction on all purchases without trustee approval is not practical or typical.
When an individual declares bankruptcy, they face certain restrictions designed to protect the rights of creditors and ensure a transparent process. For example, the bankrupt must often disclose their status during business transactions (A) to inform other parties. Additionally, they may be barred from serving as a director of a corporation (C) due to potential conflicts of interest or perceived risk. Professionals in particular fields might also face work restrictions (D) because their financial status can impact professional licensing or client trust.
However, the statement about not making any purchases without trustee approval is not universally true. Bankrupt individuals can typically make routine purchases for living expenses and necessities without the need for trustee oversight. The level of oversight and approval needed from a trustee generally pertains to significant financial decisions that could affect the estate being administered in bankruptcy.