Insolvency Service granted new powers to tackle directors who try to avoid repaying coronavirus loans
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Insolvency Service granted new powers to tackle directors who try to avoid repaying coronavirus loans

20/01/2022

Under new legislation, directors who are found to have dissolved companies as a way of avoiding repayment of government backed coronavirus loans could face disqualification of up to 15 years. The coronavirus loans were put in place to support businesses during the pandemic but fear is mounting that company directors could abuse the dissolution process […]

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