So, apart from the very obvious fraud where a company had taken a BBL with no intention to repay, what happens in other circumstances:
1. Company ceases to trade as business cannot continue, no Director loan issues - I guess no problem?
2. Company - business assets sold, Director owed over £ 150k by company, BBL £ 40k, takes loan to repay his debt?
3. Company continuing to trade, but will not be able to repay - MVL?