Insolvency Service secures bankruptcy restrictions as part of ongoing work to tackle Covid loan misconduct – GOV.UK

Restrictions have been secured against people who falsely applied for Bounce Back Loans. 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 …

UK Insolvency Service Tightens Bankruptcy Rules Amid Covid Loan Fraud – Mirage News

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…

UK Insolvency Service seeks up to 15-year director ban for Lex Greensill – The Guardian

The Insolvency Service has begun legal action to have Lex Greensill disqualified from running companies for up to 15 years after the outcome of an investigation into the directors of his failed finance firm. The government agency said it had issued disqualification proceedings on behalf of the business secretary against the former Australian sugar farmer,…

Lex Greensill faces 15-year ban on running companies as UK Insolvency Service launches court action against the … – The Australian Financial Review

Mar 8, 2024 5.18am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? London | Britains insolvency service has launched a court action to ban fallen Australian financier Lex Greensill from running or controlling any company for 15 years the toughest possible…

Outcome of investigation into the directors of the collapsed Greensill group – GOV.UK

The Insolvency Service confirms the outcome of its investigation into the directors of the collapsed Greensill group of companies.   A spokesperson for the Insolvency Service said:   We can confirm that the Insolvency Service has commenced director disqualification proceedings against Alexander (Lex) Greensill to have him disqualified from running or controlling companies for a period of…