Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud

Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud.
This is the first piece of legislation in this area following the 2021 Budget. Director Disqualification might be an outcome.
Bounce Back Loans – The time has come to repay them. First letters being sent out NOW asking for repayment in May 2021

Bounce back loans are now due and could cause insolvency
Will directors of businesses that face insolvency & cannot repay BBLs automatically face personal liability & director disqualification?
Directors Beware – The Suspension of Wrongful Trading ended on 30th September

Directors Beware – The Suspension of Wrongful Trading has ended
The suspension of Wrongful Trading ended on 30th September. What does this mean for directors if their business becomes insolvent? What should they do?
Temporary Suspension of Wrongful Trading Provisions

Temporary Suspension of Wrongful Trading Provisions
Our insolvency practitioners advise directors to remember that all the other regulations that exist to ensure directors fulfil their duties remain in place
Insolvency Practitioners and Director Disqualification

Insolvency Practitioners and Director Disqualification
Alan Yentob has been asked to accept a 5 year Director Disqualification Undertaking due to his role in the collapse of the high profile charity Kids Company. Could Insolvency Practitioners Have Helped?