There are many reasons why you could get locked up or given a suspended prison sentence for Bounce Back Loan related mischief.
In this section of the website you will find details of everyone taken to court and sentenced for all manner of reasons related to one or more Bounce Back Loans.
One common trend that results in a prison sentence involves Directors, who, in the early days of the BBL scheme applied for a BBL, withdrew the funds, and then applied for a strike off of their Company without telling their creditors, often the only creditor being the BBL Lender and that strike off then going through.
That is the main reason why any LTD Companies with an unpaid back BBL heading for a strike off are having the strike off instantly blocked.
Anyone who took that route faced the Company being reinstated and the Directors ending up in court. There are however, some other reasons, as you will discover why a prison sentence can be handed out.
