  We incorporate some corrections inspired by loop quantum gravity into the
concept of gravitational collapse and propose a complete model of the dynamic
process. The model carries the essence of a mass-independent upper bound on the
curvature scalars originally found as a crucial feature of black holes in loop
quantum gravity. The quantum-inspired interior is immersed in a geometry filled
with null radiation and they are matched at a distinct boundary hypersurface.
The ultimate fate of the process depends on inhomogeneities of the metric
tensor cofficients. We find a critical parameter $\lambda$ embedded in the
inhomogeneity of the conformal factor of the interior metric. Examples with
$\lambda < 0$ enforce an eventual collapse to singularity and $\lambda > 0$
cases produce a non-singular collapse resulting in a loop-quantum-corrected
Schwarzschild geometry modulo a conformal factor. Interestingly, for $\lambda <
0$ as well, there exist situations where the quantum effects are able to cause
a bounce but fall short of preventing the ultimate formation of singularity.
The trapped surface formation condition is studied for $\lambda<0$ case to
infer about the visibility of the final singularity. Interestingly, we find a
possibility of formation of three horizons during the course of the collapse.
Eventually all of them merge into one single horizon which envelopes the final
singularity. For the non-singular case, there is a possibility that the sphere
can evolve into a wormhole throat whose radius is found to be inversely
proportional to the critical parameter $\lambda$. Depending on the nature of
evolution and the shell regions, the collapsing shells violate some standard
energy conditions which can be associated with the quantum inspired
corrections.
