Advertisement
A Sunderland scaffolder is in trouble after it was found he applied for a government-backed 50,000 Bounce Back Loan he wasnt entitled to.
The 34-year-old scaffolder was trading as LTH Scaffolding until December 2019 he started working with a separate company.
But this did not stop him from applying for a government-backed Bounce Back Loan of 50,000 in the name of LTH Scaffolding which he received on 12 May 2020.
The money was then used to repay third parties rather than to meet ongoing business costs.
The scaffolder was declared bankrupt on 26 October 2020. But due to his improper application for the Bounce Back Loan and the risk he posed to other creditors, the Official Receiver sought to extend his bankruptcy restrictio…
Read the full article at: https://scaffmag.com/2021/08/scaffolders-bankruptcy-restrictions-extended-for-10-years/
