What happens if the company has gone into liquidation?
Where a business has become insolvent or gone into liquidation after wrongly claiming Bounce Back Loans, Furlough Scheme funds or other Government grants, it has been known for the Insolvency Service or Liquidator to make a claim against the company officers personally.
In addition, there may be an application for a director disqualification order in addition to the claim for the wrongly paid money from the company director.