Article written by Adina-Leigh Collins What is a Bounce Back Loan (“BBL”)? The UK government introduced Bounce Back Loans in 2020 to support businesses during the COVID-19 pandemic. These loans were designed to help businesses with their ‘economic needs’. A business...
Article written by Bimal Kotecha, Litigation Solicitor The Court in the case of Secretary of State for Business and Trade v Abdulali & Anor [2024] EWHC 1722 (Ch) has confirmed that those bankrupted as a result of the Post Office Scandal will get to keep their...
Update from Adina-Leigh Collins, Solicitor, Litigation department A bankrupt individual from Leamington Spa has been jailed for eight months after he failed to disclose a rental property to his trustees. The individual was made bankrupt in August 2017, with debts of...
Update from Adina-Leigh Collins, Solicitor, Litigation department What is a Bankruptcy Petition? A bankruptcy petition, put simply, is a petition to the Court to ask for a bankruptcy order against an individual and is usually presented on the grounds that the debtor...
Article written by Bimal Kotecha, Solicitor, Litigation department In June 2022, a sole company director was disqualified and sentenced to 24 months imprisonment for Bounce Back Loan fraud in the first successful criminal prosecution for the Insolvency Service of a...
