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