Well it would seem those who took out a BBL in the hope of dodging repayment are in for a bit of a shock
https://www.contractoruk.com/news/00...isnt_next.html
...new legislation has been introduced to grant special retrospective powers to The Insolvency Service to investigate directors for BBL fraud, even after company strike-off.
As a result, the Insolvency Service is gearing up to actively tackle BBL fraudsters who have dissolved their businesses, despite now being under suspicion of fraudulently obtaining Bounce Back Loans or actively neglecting the strict terms under which the loans were granted.
In raising their gloves to deliver a centre-stage knock-out, this early deterrent is a preview of what’s to come from the Insolvency Service for ‘unfit’ directors, given two separate companies, LV Distributions Ltd and SIO Traders Ltd, got thumped just last month.
https://www.contractoruk.com/news/00...isnt_next.html
...new legislation has been introduced to grant special retrospective powers to The Insolvency Service to investigate directors for BBL fraud, even after company strike-off.
As a result, the Insolvency Service is gearing up to actively tackle BBL fraudsters who have dissolved their businesses, despite now being under suspicion of fraudulently obtaining Bounce Back Loans or actively neglecting the strict terms under which the loans were granted.
In raising their gloves to deliver a centre-stage knock-out, this early deterrent is a preview of what’s to come from the Insolvency Service for ‘unfit’ directors, given two separate companies, LV Distributions Ltd and SIO Traders Ltd, got thumped just last month.
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