Lee Thomas Hobson (34), from Sunderland, was a scaffolder and traded as LTH Scaffolding.
In December 2019, however, he stopped trading as LTH Scaffolding and began employment 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.
Lee Hobson was declared bankrupt on 26 October 2020. But due to his improper application for the Bounce Back Loan and the risk Lee Hobson posed to other creditors, the Official Receiver sought to extend his bankruptcy restrictions further.
Lee Hobsons bankruptcy undertaking extends his restrict…
Read the full article at: https://www.miragenews.com/scaffolders-bankruptcy-restrictions-extended-618968/
