11 Year BRU For Sole Trader Who Paid a Third Party £5k of a £50K Bounce Back Loan for Applying for His BBL in Which His Business Trading Position Was Misrepresented

Two Sole Traders have just been hit with 11 year and 10-year Bankruptcy Restrictions Orders for the wrongdoing highlighted. One of them did pay a thrid party for applying for his BBL, and that application it as discovered, did misrepresent his Business trading position. That is worrying as I have previously reported that some SME’s admit to being threatened and intimidated by third parties who initially approached them posing as an “accountant” or “broker” and offering to apply for a bounce back loan for them for a percentage of the loans value. […]