The Disqualification Files

Lord Agnew Proven Right As Its Discovered One Person Did Use a Bounce Back Loan to Purchase High Value Vehicles But Then Sold Them and Used the Funds for Personal Use Getting a 4 Year Bankruptcy Restrictions Order for Their Cheek

Two more cases of Bounce Back Loan wrongdoing for you to peruse today, one involving a £50k BBL that was secured by misrepresentation and saw a 4-year BRO being handed a 5 year BRO handed out to someone else for all manner of wrongdoing involving a BBL. […]

The Disqualification Files

5 Year 6 Month Disqualification for Using an HSBC Bounce Back Loan for Personal Benefit

Another £27.5k and one more Bounce Back Loan has been added to my BBL Tracker that is keeping score of those who have received a slap for what is deemed to be “wrongdoing” with a Bounce Back Loan, and today’s case looks at a Company Director that was found to have used an HSBC BBL for personal benefit and received a 5 year and 6-month disqualification at liquidation. […]

BBL Complaints and Outcomes

A Barclays Customer Says a Fraudster Transferred a Large Chunk of Their Bounce Back Loan Out of Her Account but the Ombudsman Says the Phone Calls Made to the Bank Sound Like the Customer and Do Not Uphold the Complaint

Having informed Barclays that someone had transferred a large amount of her BBL out of her account fraudulently and getting nowhere, a customer takes the complaint to the Ombudsman who states it was more than likely the customer who made the transaction and not a fraudster, and subsequently does not uphold the complaint. […]

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The Disqualification Files

Bagging Not One But Two Bounce Back Loans for a Company That Was Not Incorporated Within the BBL Scheme Requirements Results in Outrageous Company Director Slapped with an 11 Year Disqualification

After chancing her luck and successfully bagging a £40k Bounce Back Loan with NatWest for her business that wasn’t eligible for one of those loans, the Company Director whose details you will find below then blagged a second one for the same company five days later from HSBC for £35k. […]

The Disqualification Files

Using £5k of a £50k Lloyds Bank Bounce Back Loan for a Personal Mortgage Payment at the Halifax and Paying £45k To Himself Having Over-Egged His Turnover in the First Place When Applying for that BBL Results in a Company Director Getting a 9 Year Disqualification

Overstating the turnover of a business to get a Bounce Back Loan and using any of that loan for personal benefit is always going to see the Insolvency Service getting rattled and handing out a long disqualification if that business ends up in liquidation. Today’s case ticks all of those boxes and saw a Company Director hit with a 9-year disqualification. […]

The Disqualification Files

Yet Another £50k Bounce Back Loan Goes Bad with Two Company Directors Hit with 5 Year Disqualifications for Not Using That Loan for the Economic Benefit of Their Business

It is currently something of a lottery if you got a Bounce Back Loan, did not use it for the economic benefit of your business then took the insolvency route as to what you will be slapped with by the Insolvency Service. This case ended up with two five year disqualifications being handed out to the Company Directors named below. […]