Todays News
Can You Try to Get Your Bounce Back Loan Written Off or Reduced in Value? Tonight, You Will Discover a New Legal Route That is Now Open To You
I have always known deep down, as I am confident […]
Month: October 2021
The Disqualification Files
Another Barclays Bank BBL Turns Sour Resulting in a 6 Year Disqualification for a Company Director Taking the Insolvency Route
I am hoping one day so to see a decline in Company Directors being hit with long disqualifications now that there is a legal route to take to challenge Bounce Back Loans, however until that day arrives here is another case in which a 6 Year disqualification has been handed out. […]
The Disqualification Files
Over-Egging Turnover and Using Lloyds Bank BBL Funds for Personal Benefit Results in Another Company Director Being Hit with a 6 Year Disqualification
I do recall one of the bosses of Lloyds Bank being quite smug in a Commons Treasury Committee meeting and telling MPs firing questions at him about the BBL scheme, that due to his bank only accepting their own customers for Bounce Back Loans, and not opening up the scheme to new customers, the number of dodgy loans issued by his bank would be low, that has proven not to be the case. […]
Recovery Loans
As Suspected the Recovery Loan Scheme Has Failed Many SMEs with on Average Just One Single RLS Drawn Down Per Lender Per Week
Having obviously been given a talking to, the British Business […]
The Disqualification Files
6 Year Disqualification for Leaving Liquidator Unable to Determine if ATM and Over the Counter Cash Withdrawals of BBL Funds Were for Personal Benefit or for the Benefit of the Business and 9 Year Disqualification for Securing a BBL When Business Had Ceased Trading and Was Insolvent
Another two Bounce Back Loans worth a total of £80,000 have gone sour resulting in two business owners being slapped with a 6 and 9 year disqualification respectively. The reasons for those disqualifications follow the same pattern as many others, that being the business owners could not prove […]