Which of the following individuals cannot stand for local elections?

Individuals who are bankrupt cannot stand for local elections. This restriction is in place to ensure that candidates have the financial integrity necessary to serve in public office. Bankruptcy often indicates financial distress, which could raise concerns about a person's ability to manage public funds or carry out the responsibilities of an elected position effectively.

In contrast, the other options outline individuals who do meet the eligibility criteria for local elections. Individuals who've lived in the area for 12 months typically have the local ties and understanding necessary for local governance. Similarly, individuals aged over 18 with community ties are usually eligible, as age and community connection are core requirements for candidacy. The choice of "no restrictions apply" is inaccurate, given that specific legal stipulations like bankruptcy do indeed prevent certain individuals from standing for election.