Most Bounce Back Loans were taken out quickly and with limited advice. The questions that follow tend to arrive later: what happens if the company can’t repay, whether the director carries personal liability, and whether the company can be closed with the loan still outstanding. This hub covers those questions.

Repayment, Default and Director Liability

What happens if I default on a Bounce Back Loan?
The government guarantee, lender options, and your exposure
Directors’ liability for Bounce Back Loans
When personal liability arises from a government-backed loan
Can I lose my house with a Bounce Back Loan?
Personal assets and the BBL — what is actually at risk
Bounce Back Loan fraud
What counts as misuse and how it is investigated

Closing a Company with a Bounce Back Loan

Dissolving a company with a Bounce Back Loan
Why strike-off is blocked and what to do instead
Can’t pay a CBILS loan
Options when a Coronavirus Business Interruption Loan can’t be repaid