Year: 2022

The Disqualification Files

NatWest and Lloyds Kiss Goodbye to £100K of Bounce Back Loans as Two More Directors Take the Insolvency Route and Get Slapped with a 4 Year and 7 Year Disqualification

February 12, 2022

Having tracked hundreds of Bounce Back Loans that have gone sour due to company directors and the occasional sole trader taking the Insolvency/Bankruptcy route with one or more of those loans owing, there will always be a disqualification or BRO handed out to those who have been up to mischief when that “wrongdoing” is uncovered. Here are a couple of new cases that have just come to light regarding such. […]

The Disqualification Files

Another Company Director Hit with a 9 Year Disqualification As Insolvency Service Determines He Had Over-Egged His Turnover to Bag a £30k BBL and Used Most It For Personal Benefit

February 10, 2022

It must have dawned on Rishi Sunak by now that his Bounce Back Loan scheme is imploding, with over 100,000 of those loans being in arrears and over 37,000 of them being in default, and those figures are rising quite noticeably. Here is another case involving BBL wrongdoing which saw a Company Director hit with a 9-year […]

BBL Complaints and Outcomes

Santander Tell the Ombudsman They Had Strict Criteria for Anyone Applying for a Bounce Back Loan With Them – Its Somewhat Strange Therefore That So Many BBL Customers of Theirs Have Been Busted for All Manner of BBL Wrongdoing

February 9, 2022

Here is a recent case that landed on the desk of Ben the Ombudsman, it related to a Santander customer complaining that the bank would not give him a Bounce Back Loan. Ben states the reason for that is Santander carefully chose who they permitted to apply for and get a BBL with them to ensure full eligibility checks could be carried out. […]