Over-egging turnover and using funds from Bounce Back Loans for personal benefit are some of the reasons the following business owners have been slapped with long disqualifications after they took the bankruptcy/insolvency route leaving those BBL’s left unpaid. […]
Compared to some of the disqualifications handed out for Bounce Back Loan wrongdoing, the 3 years and 6 month one in today’s case is quite lenient. […]
As for whether people are getting away with taking the insolvency route when they took out a BBL and left it unpaid at liquidation, when for example they over-estimated their turnover to get that loan, well over-estimating by more than an additional 25% of the 25% 2019 turnover figure used to determine a BBL’s value is deemed to be the tolerance limit before a long disqualification is handed out, as you will see in the case below. […]
With the take up of the Help to Grow Scheme […]
I have been asking the All-Party Parliamentary Group on Anti-Corruption […]
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