Month: July 2022

I have been told some interesting figures will be released this month by the British Business Bank which will shine a light on individual BBL lenders regarding the performance of their approved and gone sour Bounce Back Loans. Today however, here is another case in which a company director has been hit with a 9-year disqualification for BBL wrongdoing. […]

Some of the rules of the Bounce Back Loan scheme were somewhat confusing for many people, but not all rules were confusing, and the Insolvency Service has decided the best punishment for the Company Director in today’s case was an 11-year ban for he really should have known he his business was not eligible for a BBL. […]

Some business owners could estimate their turnover to get a Bounce Back Loan, but not the one in today’s case that had been trading for decades. Over-egging the turnover and using most of a BBL for personal benefit and leaving it owning at liquidation has seen him just receiving a 7-year disqualification. […]

If there was ever a bingo card for Bounce Back Loan wrongdoing, the Company Director in the following case would have got a full house. […]