Month: February 2022

The Disqualification Files

Starling Bank Pays Out a BBL and TopUp Worth £37,500 in Total to a Company With No Trading Income – Director Gets 9 Year Disqualification for Using Those Funds for the Benefit of Himself and/or Others

February 14, 2022

Not quite sure what Starling Bank were doing approving a BBL and Top Up worth £37.5k in total and paying it out to a business with no trading income, but hey ho, they are now left with another such loan that has gone sour, as Director of the company that got it took insolvency route after using those funds for personal benefit and/or the benefit of others. Here are the details. […]

Premium Content

After Over 7 Months of Mental, Physical and Financial Torture My Bounce Back Loan Has Been Written Off – Rishi, HM Treasury, BEIS, and the British Business Bank and the Banks The Way You Acted and Continue to Act is Utterly Vile

February 13, 2022

Well, after over 7 months of being treated like a bag of old sh*t by Government Departments and a certain bank, I am letting you know that all traces of my Bounce Back Loan have vanished and it has been written off. Before I start, once again, I wish to thank my website subscribers whose support has helped me survive my nightmare journey, and my hope now is those unable to repay their BBL or put into a position in which they cannot repay have their BBLs written off too. As you will […]

The Disqualification Files

NatWest and Lloyds Kiss Goodbye to £100K of Bounce Back Loans as Two More Directors Take the Insolvency Route and Get Slapped with a 4 Year and 7 Year Disqualification

February 12, 2022

Having tracked hundreds of Bounce Back Loans that have gone sour due to company directors and the occasional sole trader taking the Insolvency/Bankruptcy route with one or more of those loans owing, there will always be a disqualification or BRO handed out to those who have been up to mischief when that “wrongdoing” is uncovered. Here are a couple of new cases that have just come to light regarding such. […]

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The Disqualification Files

Another Company Director Hit with a 9 Year Disqualification As Insolvency Service Determines He Had Over-Egged His Turnover to Bag a £30k BBL and Used Most It For Personal Benefit

February 10, 2022

It must have dawned on Rishi Sunak by now that his Bounce Back Loan scheme is imploding, with over 100,000 of those loans being in arrears and over 37,000 of them being in default, and those figures are rising quite noticeably. Here is another case involving BBL wrongdoing which saw a Company Director hit with a 9-year […]

BBL Complaints and Outcomes

Santander Tell the Ombudsman They Had Strict Criteria for Anyone Applying for a Bounce Back Loan With Them – Its Somewhat Strange Therefore That So Many BBL Customers of Theirs Have Been Busted for All Manner of BBL Wrongdoing

February 9, 2022

Here is a recent case that landed on the desk of Ben the Ombudsman, it related to a Santander customer complaining that the bank would not give him a Bounce Back Loan. Ben states the reason for that is Santander carefully chose who they permitted to apply for and get a BBL with them to ensure full eligibility checks could be carried out. […]

The Disqualification Files

Insolvency Service Claim Company Director Over-Egged Business Turnover Figure to Get a £50K Barclays Bounce Back Loan and Spent a Chunk of it Paying His Personal Credit Card Bill So Slap Him with a 6 Year Disqualification at Insolvency

February 8, 2022

A Barclays Bank issued Bounce Back Loan is what today’s case revolves around, a large chuck of which the Insolvency Service claim was spent on paying a Company Director’s  personal credit card bill off with, that along with them saying he also over-egged his turnover resulted in a 6 year disqualification. […]