Month: December 2022

Here is the latest rollcall of Sole Traders and Individuals who have just been slapped with Bankruptcy Restrictions Orders for the Bounce Back Loan abuse listed. […]

Barclays will have this Bounce Back Loan all lined up for the Guarantee, in fact, they have probably already had it paid out to them by now. The Company Director named is now starting a modest 7 year ban for her wrongdoing. […]

Here is another Bounce Back Loan abuser who handed himself on a plate to the powers that be by entering a creditors’ voluntary liquidation with liabilities including a £50k HSBC BBL, to which he has been given a 10 year disqualification. […]

It will soon be Christmas, however, stories like this one are still coming to light, and expose the lunacy of the design of the Bounce Back Loan scheme. […]

I am seeing more and more one time Company Directors not supplying the Liquidator with a full set of accounts when winding up their Company, for that often, as in the case below, sees a much smaller length of ban being handed out than would have been if wrongdoing had been uncovered with such records. Much more so when there is a Bounce Back Loan involved. […]