The Disqualification Files

Failing to Explain How He Arrived at the Turnover Figure He Did to Get a Bounce Back Loan worth £50k from Santander When His Accounts Indicate the Turnover Was Much Lower, and Leaving The BBL Unpaid at Liquidation Sees Company Director Get a 7 Year Disqualification

You can see why Santander are snooping in the accounts of their customers who got a Bounce Back Loan to see if things do not match up with the application for those loans when you read the ease at which this Company Director got and spent his BBL, and the wrongdoing ultimately uncovered saw him disqualified for 7 years. […]

The Disqualification Files

After Obtaining a £50k Barclays Bounce Back Loan By Over-Egging the Business Turnover and Using Most of It For Personal Use, Then Taking the Insolvency Route Leaving the BBL Unpaid a Company Director Gets Slapped with a 10 Year Disqualification.

A large number of the disqualifications being handed out for Bounce Back Loan wrongdoing are for 10 years and the wrongdoing with often sees that level of ban being given is for over-egging turnover and using the BBL for personal use, which is just what the Company Director in this case did. […]