Hot Topic
Year: 2022
The Disqualification Files
HSBC Lose Another Bounce Back Loan as Company Director is Hit With a 7 Year Disqualification for Over-Egging Turnover and Using Half of it for Personal Benefit
This case involves £25k Bounce Back Loan paid out by HSBC, which as you will see, resulted in a 7 Year Disqualification. […]
The Disqualification Files
6 Year Disqualification for Company Director Who Took Out a £50k BBL and Made Payments Benefitting Himself or a Connected Company When He Should Have Known or Knew the Company Was Insolvent
There is no let up regarding the number of Company Directors being hit with disqualifications when they have been found to have done some form of wrongdoing with a BBL and here is another case which resulted in a 6-year disqualification. […]
BBL Complaints and Outcomes
Ombudsman Deems £150 Fair Compensation for a Metro Bank Customer that Had To Visit one of Their Branches to Open an Account to Access the BBL Scheme But Was Ultimately Declined and “Ushered Out of the Bank”
You may recall that Metro Bank were late to offer Bounce Back Loans, and they cited their state-of-the-art online application system that delayed things slightly as they wanted it to be “spot on” before making it live. That system repeatedly fell over and errors were reported. […]
The Disqualification Files
A 9 Year Disqualification for Over-Egging Turnover to Get a £50k Metro Bank Bounce Back Loan and Using £49k of it for Personal Benefit
Another day and another Metro Bank Bounce Back Loan has turned sour, and as you will see in today’s case, a 9 year disqualification was deemed suitable punishment for a Company Direct that over-egged their business turnover to get a BBL and then spent most of it on personal benefit. […]