"Legal advisors who assist directors are likely to see more enquiries from directors regarding investigations from the Insolvency Service and preliminary advice prior to closing down their companies via liquidation or dissolution. Now, more than ever, directors should be mindful of their statutory and other duties when closing down a company and the consequences of misconduct."
In the Solicitors Journal, associate Rebecca Stratton reviews misuses of the bounce back loan scheme and how practitioners can advise directors.
The bounce back loan scheme (BBLS) is part of a raft of covid-19 support measures offered to companies struggling to stay afloat during the pandemic.
The full article is available to read online.
Rebecca is an associate in the insolvency and restructuring team. She acts for a wide range of clients including insolvency practitioners, company directors, creditors and individuals who need advice regarding matters relating to corporate and personal insolvency.