Month: August 2022

A £50k Lloyds Bank Bounce Back Loan will soon be heading for the guarantee claim if it hasn’t already, as the Company Director in this case not only over-egged her turnover to get it, but did not supply accounts to the Liquidator to show where the money went. […]

Maybe some people thought that bagging a Bounce Back Loan by over-egging their turnover and using it for personal benefit would not come to light when taking the Insolvency route, but as this case proves, such wrongdoing often does come to light and ends up with a long disqualification, which by the way was 10 years regarding the Company Director in this case. […]

I am getting the feeling, that the next set of BBL guarantee claims that will be announced next year, if they are not suppressed or delayed, will, if they include the claims put in by the bigger BBL lenders (the last lot of figures didn’t) will be off the scale, looking at cases such as this one and the similar ones coming to light. […]

Those of you who didn’t get a penny in emergency grants from your local council will be feeling sick to the stomach when you discover what this Company Director did with the  grant they managed to secure from their council. […]

With the banks taking a small percentage of the risks associated with CBILs loans, rather that the Government giving the lender a 100% guarantee as with Bounce Back Loans, it is HSBC who has just seen the loan in the following case turning sour and as such is left to eat up a chunk of that loss. […]

This case involves a £50,000 Barclays Bounce Back Loan, and will show you the ease at which some people were able to blag one of those loans with no great effort, then do as they pleased with the funds, until such a time as they took the insolvency route, and their wrongdoing came to light. The upshot is that both Co-Directors have just been given matching 11 year disqualifications. […]

A mysterious prototype vehicle modification and where a Barclays Bank Bounce Back Loan went are two questions left unanswered in this case which saw a Company Director hit with a 7 year disqualification for the reasons laid out. […]

A whopping £50,000 by way of a Bounce Back Loan that has not been repaid at the liquidation of a business is what this case revolves around, the Company Director got a 7-year ban and no doubt Barclays Bank are eyeing up the guarantee claim, if they have not yet put it in. […]