Can I Liquidate a Company with a Bounce Back Loan?
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How to Liquidate a Company with a Bounce Back Loan
It is possible to liquidate a company with a Bounce Back Loan through a Creditors Voluntary Liquidation - a formal process for insolvent companies that cannot repay the Bounce Back Loan.
An Insolvency Practitioner (IP) is appointed who represents the creditors and will investigate YOU - the Director. Therefore, it's imperative you understand any potential implications beforehand.
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Bounce Back Loans and Liquidation
Before liquidating a company with a Bounce Back Loan, there are certain factors which need to be evaluated beforehand. The best thing you can do is speak to someone as soon as you can.
We've supported many businesses with their Bounce Back Loans and liquidation. We can help present your options and assess any personal implications based on your individual circumstances. Our service is completely free and confidential.
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