Month: September 2022

Santander, who are spying on BBL recipients bank accounts and badgering some of their customers to validate their turnover figures long after they got their loan, could be doing so due to the Company Director, (a BBL customer of theirs) in the case below, who, as you will see, bagged a fortune in Bounce Back Loans and took the insolvency route leaving those loans unpaid at liquidation, and his punishment was an 8-year disqualification. […]

Here is another case of a Company Director with a Bounce Back Loan left unpaid, being given a 6-year ban for failing to maintain and/or preserve adequate accounting records or, in the alternative, failing to deliver accounting records to the Liquidator. […]

A somewhat lenient disqualification, all things considered, has been handed out to the Company Director named below, who is now starting a 3-year 6-month ban, for the wrongdoing listed. […]

Once again, the Insolvency Service have given out a long disqualification, in this case a 10 year one, to a Company Director who over-estimated her estimated Company turnover, even though she was allowed to estimate her turnover, to bag a bigger Bounce Back Loan than eligible for. […]

The British Business Bank Team are very busy at the minute, paying out a fortune in Guarantee Claims to banks that have requested their money back from BBL’s that have turned sour, such as the one in this case which was a NatWest issued one. […]

Bagging a BBL then getting a BBL top up and using it to pay off a personal loan taken out against her home was never a good idea, much more so when the BBL was never repaid, Having admitted such to the Liquidator, this Company Director is now starting a 7-year disqualification as punishment.   […]

No wonder Lloyds Bank are now admitting that they suspect a huge number of their Bounce Back Loan recipients blagged a BBL off them or suspect them of some other form of wrongdoing, when you read through this case, in which one of their customers has just received a 6-year disqualification. […]

By not delivering to a Liquidator or in the alternative not maintaining and/or preserving accounting records, leaves the Insolvency Service with a problem when a Company takes the insolvency route with a BBL owing, as they cannot work out whether the Company was eligible for that loan and cannot work out where it went. Which in the case below, led to them slapping a Company Director with a 6 year disqualification. […]

Another Barclays Bounce Back Loan has turned sour in this rather long and drawn-out case. […]