The Disqualification Files

Over-Egged Turnover, Claiming Business Was Not in Difficulty When Applying for a Barclays BBL When it Was and Using the BBL for Personal Benefit Lands Company Director with a 9 Year Disqualification

There are many reasons why a Company Director could be slapped with a long disqualification when winding up their company, and they will if a Bounce Back Loan is involved and the Insolvency Service can prove wrongdoing with that loan, and here is the story of one Director slapped with a 9 year ban for several such wrongdoings. […]

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Another Example of the Financial Ombudsman Unable to Intervene When a Bank Blocks an Account and Snatches Back a Bounce Back Loan But Fails to Explain Why

Many people with a Bounce Back Loan have transferred them out to another account for “safekeeping”, due to the now well documented incidents of lenders blocking BBLers bank accounts and snatching those loans back whilst the accounts were blocked. What infuriates anyone caught up in such a situation is that […]

The Disqualification Files

Insolvency Service Hands Out Another 6 Year Disqualification to Company Director For Using Most of a £42k Barclays Bounce Back Loan For Personal Benefit

It is now almost daily that at least one Company Director gets slapped with a disqualification due to supposed wrongdoing when there is a Bounce Back Loan involved in the liquidation of a company, and today I will give you an insight into one such case which also involves payments from the Job Retention Scheme. […]