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. […]