New powers used by Insolvency service to ban covid-loan abusers
UK debt collections
JULY 25, 2022
The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes. Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors.
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