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...
Article written by Adina-Leigh Collins, Litigation Solicitor In this article, we look at statutory demands and what you can do if you are served one. What is a statutory demand? A statutory demand, to put it simply, is a written demand for payment of a debt. It is...
