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FT.com Jan 10th 2023
Barclays is joining forces with an insolvency specialist to try to recover millions of pounds of misappropriated loans advanced under the UK Government’s Covid-19 Bounce Back Scheme.
The pilot scheme to recover the money, runs until June 2023 and covers more than 100 companies that have defaulted on Bounce Back Loans.
Barclays would issue a winding up petition against non-paying companies, which would then be put into compulsory liquidation administered by the official receiver.
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FT.com Jan 10th 2023
Blog Barclays is joining forces with an insolvency specialist to try to recover millions of pounds of misappropriated loans advanced under the UK Government’s Covid-19
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