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. […]