A £37,000 NatWest Bounce Back Loan has turned sour in the case that I will be covering below, in which you will see the Liquidator has been left with their hands tied regarding several aspects of a company’s activities. […]
Securing a £40,000 BBL when only entitled to get a Bounce Back Loan worth a maximum of £3,060 sees a Company Director hit with a huge 10 year disqualification. Here is an overview of that case. […]
Another case here regarding wrongdoing associated with a Bounce Back Loan, that resulted in Co-Directors both being handed a 6 Year Disqualification. […]
If you have been keeping track of my BBL Defaults Tracker that lists the punishments handed out by the Insolvency Service for those taking the insolvency/bankruptcy route when they have a BBL still owing and are subsequently found to have done some form of wrongdoing, it has just increased by another £50k, as per the […]
Baroness Buscombe is currently experiencing just how utterly useless the Department for Business, Energy, and Industrial Strategy (BEIS) are, for her question that she asked in the House of Lords to that department back on […]
It must have been like a lottery win for the individual in today’s case, for once he got his Bounce Back Loan of £50k, which he was not actually able to prove he was eligible for in the first place, he then went on to gamble with the funds and started making transfers to individuals. […]
Kurt John Barkhuizen, 28, from Scunthorpe, applied for and received a £50,000 Bounce Back Loan in June 2020. But Kurt Barkhuizen was not running a business at the time and was not eligible for any […]
It is always good to see Government departments dragged in and grilled for telling big wobbly lies, and that is what Sarah Munby from BEIS was forced to experience yesterday in front of the Public Accounts Committee, and she revealed how easy it is for a Bounce Back Loan lender to claim on the guarantee for a BBL that a borrower cannot repay. In a previous appearance […]
Sticking two fingers up to the Insolvency Service and not giving them everything they need when winding up a company is always going to land you in trouble. Today’s case resulted in a Company Director just being slapped with a 7 year disqualification. […]
Today’s case that has resulted in a Company Director having just received a 9-year disqualification involved him applying for and getting a Bounce Back Loan which the Insolvency Service state he was not entitled, and using it for personal benefit, including playing poker. […]
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