Month: May 2024
Bounce Back Loans and Director Disqualification
The Insolvency Service is continuing to investigate suspected fraud in relation to the Bounce Back Loan Scheme (“BBLS”). Directors and former directors of companies which obtained loans they were not entitled to under the terms of the BBLS will continue to come under investigation by the Insolvency Service and face possible prosecution where fraud is... Read more »
Personal Guarantees – the last straw?
One of the biggest attractions for directors who are also the sole owners of a limited company is the notion that if things do not work out and the business fails their liability will be limited to their personal investment. However, as a company director you may be asked to provide a personal guarantee. A... Read more »