Year: 2022

The Disqualification Files

Applying for a Bounce Back Loan Top Up From NatWest Weeks After His Business Ceased Trading and was Insolvent and Using Those Funds for Personal Benefit Lands Company Director with a 4 Year Disqualification

July 27, 2022

Bagging a Bounce Back Loan Top Up when his Company was insolvent and no longer trading and then using it for personal benefit was not the smartest move, as the Director in today’s case has just found out, as he starts his 4-year disqualification. […]

Subscriber Special 3

The Letter You Can Expect If you Miss Your Bounce Back Loan Repayments With Conister Bank Just Before They Demand The Entire BBL Back and Put You Into Default

July 26, 2022

Here is the standard letter that Conister Bank will send out to everyone who misses their Bounce Back Loan repayments, be aware that three missed repayments are usually deemed to be the trigger for a demand for full repayment and a default letter. Read more on your options and how enforcement of the BBL debt is not usually forthcoming […]

The Disqualification Files

Leaving His Company With No Assets at Liquidation Having Been Found to Have Used a TSB Bounce Back Loan for Personal Benefit Sees a Company Director Get a 6 Year Disqualification

July 26, 2022

I just know there are lots of Company Directors across the land who thought it was a clever idea to get a BBL, then take the insolvency route in the hope they could just get it written off having spent the money on themselves and not the business who are now regretting it. […]

BBL Complaints and Outcomes

Barclays Told to Pay £500 Compensation to a Customer Complaining They Had Unfairly Declined Their Bounce Back Loan – They Then Finally Approve the BBL and It Is Drawn Down Nearly a Year AFTER the BBL Scheme Closed

July 25, 2022

This in an interesting case in which someone got a BBL finally approved and could draw it down earlier this year, (keep in mind the scheme ended to applications back in 2021), after shocking treatment from Barclays who declined their original application, and the customer has also just been awarded £500 compensation too. […]

The Disqualification Files

A Lenient 6 Year Disqualification Given Out to a Company Director Who Used Around 90% of His Company’s Clydesdale Bank Bounce Back Loan for Personal Use and Left It Owing at Liquidation

July 25, 2022

I have not seen that many Clydesdale Bank Bounce Back Loans turning sour, however I am sure there will be some working their way through the system. Here are the details of one of their BBLs that will be paid back to them by the Government Guarantee and saw a Company Director being hit with a 6-year disqualification for wrongdoing. […]