Thursday 20 June 2024
21 C
Nottingham

Nottingham chicken takeaway pair have bankruptcy restrictions extended for 8 years over Covid Bounce Back loans

The men ran Chunky Chicken, a Nottingham takeaway until December 2019, when they sold the business.

However Mujeebullah Khan, 34, improperly applied for a government-backed Bounce Back Loan of £50,000 in the business name after the sale of the company. The money was used to repay a business creditor and who was also a relative of Muhammed Omair Javaid.

Both Mujeebullah Khan and Muhammed Omair Javaid, 33, made themselves bankrupt on 24 May 2021, citing debts of over £200,000 that included the Bounce Back Loan.

Both Mujeebullah Khan and Muhammed Omair Javaid signed bankruptcy undertakings that extend their restrictions for 8 years.

This means they are limited to what credit they can access, as well as not being able to act as a company director without the permission of the court.

Follow The Wire on TikTok, Facebook, X, Instagram. Send your story to newsdesk@westbridgfordwire.com or via WhatsApp on 0115 772 0418

Categories:
 

Latest