Below is today’s rollcall of people who have just been given Bankruptcy Restrictions Orders for Bounce Back Loan wrongdoing, including the testimony of one chap who admitted to not using his BBL for the benefit of his business. […]
Having been set up in a blaze of glory, the main tasks of the Taxpayer Protection Taskforce were to go hunting down those who blagged the SEISS, Job Retention and Eat Out to Help Out Schemes. Let’s face it, many […]
This case is a prime example of the often much lower length of disqualification handed out when a Company takes the Insolvency route with a BBL owing when no accounting records are supplied, than the length of disqualifications given out when such records are supplied but prove BBL wrongdoing. […]
Having seen some much longer disqualifications handed out recently for similar wrongdoing, the two Directors named below have received extremely lenient disqualifications for the amongst other things, using BBL funds to pay off their personal credit card debts. […]
Not the longest disqualification handed out by any stretch of the imagination for BBL wrongdoing, however the Company Director named below has been given a 6 year ban for over-egging her projected turnover, even though she confirmed it was an error. […]
Now that the Insolvency Service have had success in taking a Company Director to court and getting them successfully prosecuted, the Director below was lucky to get hit with just a 7 year ban for the wrongdoing listed below regarding his BBL and the dissolution of his Company. […]
It is one thing being unable to repay your Bounce Back Loan, and for the record you will find most lenders being quite sympathetic if you can’t, but another when you set out to scam the scheme from the get-go, and the chap in the case below got off light, as he could have easily ended up doing some jail time, and he still may do if he reoffends again. […]
Here is a rather long and drawn out BBL complaint, in fact it is made up of two separate complaints, that revolve around Funding Circle and how they treated a customer. Ultimately the customer did get compensation, but the complaints were not upheld. It wrecked my head reading it, but see how you get on! […]
Even though some people were permitted to estimate their turnover when applying for a BBL, banks like Santander are checking their customers bank accounts and Companies House records to ensure those estimates were within reason. […]
Many people did find, that after applying for a Bounce Back Loan, their bank suddenly closed their account, after declining their BBL application. However, NatWest have become infamous for delays in sending out the balances of such closed accounts, and as you […]
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