Have you got a bounce-back loan you're struggling to pay back?

If your company is in the position of not being able to repay a Bounce Back Loan, there are a range of options to consider before entering a liquidation process. In general, the BBL did not have any clause that held a director of the company personally liable for the loan, unlike a similar scheme – the Coronavirus Business Interruption Scheme (CBILS) – where accredited lenders did require personal guarantees.

https://www.simpleliquidation.co.uk/what-happens-if-a-company-cant-pay-its-bounce-back-loan/