- Individuals all made false applications, examples of which include overstating the income of their businesses, or in one case, not trading when they received the funds
- Bankruptcy Restrictions Orders (BROs) and Bankruptcy Restrictions Undertakings (BRUs) have been secured by the Insolvency Service
- These latest measures form part of the Insolvency Service’s ongoing work to target Covid loan abuse
Six individuals who abused the Bounce Back Loan Scheme have recently had tough bankruptcy restrictions imposed on them as part of the Insolvency Service’s efforts to tackle Covid loan misconduct.
The Bankruptcy Restrictions Orders (BROs) and Undertakings (BRUs) secured by the Insolvency Service place significant…
