Office holders are likely to encounter instances where directors have misapplied bounce back loans or government grants obtained during the height of the COVID-19 pandemic. Ashfords LLP offers a cost effective service to office holders to pursue directors for these sums.
The government’s package of financial support for businesses during the COVID-19 pandemic, including Bounce Back Loans, was widely taken up. Many companies facing insolvency will have liabilities in respect of Bounce Back Loans, Coronavirus Business Interruption Loans (CBILS) and Coronavirus Large Business Interruption Loans (CLBILS).
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