You can see why Lord Agnew, the one-time Minister of State at the Cabinet Office and Her Majesty’s Treasury and many others associated with the Bounce Back Loan Scheme have resigned, when you read cases like this one. […]
Word has it, that Starling Bank and HSBC appear to be the two banks that have paid out the most duplicate Bounce Back Loans, of the 22,000 suspected duplicates, and today’s case, which is a common one, does seem to back that rumour up. […]
A Company had an income of just £845 paid by the Director and even though he has submitted dormant accounts for three years, Barclays still paid out a £46k to the Company in today’s case, which resulted in a 9-year disqualification. […]
One of the more lenient disqualifications to present to you today, which saw just a five year one being handed out to a Company Director who did not use a BBL for the benefit of the business. […]
Whilst it may appear that it is Company Directors who are being hit with disqualifications when winding up their Companies with a BBL owing and wrongdoing comes to light, many Sole Traders have also taken the bankruptcy route thinking it’s a good way to get out of repaying their BBL. […]
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