INSOLVENCY & LAW
Can't Pay Bounce Back Loan?
Business rescue . Debt recovery . Insolvency support
We help companies with Bounce Back, Furlough + CBILS solutions
Subsequently, the information you disclose may be used to bring misfeasance or Director Disqualification Proceedings against you. Moreover, you could face prosecution, and be banned from managing companies for up to 15 years if found guilty.
Are you a company director or business owner struggling with:
...repayment of Bounce Back or CBILS loans?
...adjusting to the Furlough scheme?
...insolvency?
Therefore, it’s essential that you talk with an independent professional advisor immediately. Here's why…
Call 020 7504 1300 today for a free Bounce Back assessment.
Get In Touch
Complete our form and one of our experts will contact you to discuss your issue.
Bounce Back Loan support
Support for furlough, Coronavirus Interruption (CBILS) + Bounce Back Loans...
To help struggling small-and medium businesses during the Covid-19 pandemic, in 2020 the Government created a series of support schemes including the:
- Bounce Back Loan (BBL)
- Coronavirus Job Retention (Furlough)
- Coronavirus Business Interruption (CBILS)
Eventually, around £40bn of BBL loans were approved. However, a large number of businesses still expired, and many others have been forced into insolvency.
Naturally, directors and owners feel helpless, because so few understand the powerful insolvency legislation at their disposal. Consequently, many are missing out on potentially saving their businesses.
If your company is struggling or is insolvent, it is key that you speak with a independent professional who can:
- Advise you on Bounce Back Loan repayments
- Help you to understand your options
- Recommend a licensed insolvency practitioner
- Act on your behalf to manage the course of events
Discuss your situation in confidence
Financial distress is rarely straightforward, and delay often increases risk.
If you are a creditor, investor, or director affected by insolvency, speaking to an experienced insolvency expert can help clarify where you stand and what may follow.
Contact our team at Insolvency & Law to book a confidential consultation now