BBL Loopholes

Lord Sikka Reveals Corrupt Insolvency Practitioners, Insolvency Service Problems, Companies House and Italian Mafia Bosses and Loopholes in the Supposed Loophole Closing Bill That Aims to Hit Company Directors Hard for Bounce Back Loan Wrongdoing

On the day the Coronavirus Act was extended, the “Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill” was up for debate in the House of Lords, and it turned out to be a somewhat lively and revealing debate with Lord Sikka letting rip and referencing, amongst other things the Italian Mafia and loopholes the Bill does not apparently close. […]

The Disqualification Files

Two Directors Hit with 6 and 7 Year Disqualifications for Failing to Satisfy the Insolvency Service That Their Santander and Barclays BBLs and Were Used for the Benefit of their Businesses After Winding Up Those Companies

The total number of Bounce Back Loans I have been tracking that have gone sour now stands at 48 with a combined total £1,707,914, as two more Directors have just been hit with 6 and 7 years disqualifications for not satisfying the Insolvency Service that their BBLs were used for the benefit of the business, here is an overview of those […]