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This case involves a Bounce Back Loan obtained from HSBC and ultimately, for the reasons laid out below, saw the Company Director given a 6-year disqualification for the wrongdoing indicated. […]

One of the more lenient disqualifications to present to you today, which saw just a five year one being handed out to a Company Director who did not use a BBL for the benefit of the business. […]

Whilst it may appear that it is Company Directors who are being hit with disqualifications when winding up their Companies with a BBL owing and wrongdoing comes to light, many Sole Traders have also taken the bankruptcy route thinking it’s a good way to get out of repaying their BBL. […]

There is always a story surrounding all cases of Bounce Back Loan Scheme abuse, and here is the background of another such case, which resulted in two 7 year disqualifications being handed out. […]

There has been another noticeable jump in the number of disqualifications handed out to Company Directors for all manner of Bounce Back Loan wrongdoing recently, and here is an overview of one of them that saw a 6-year disqualification being given out. […]

I am seeing a growing number of Company Directors being given a mid-ranged disqualification, such as the one in this case who got a 7 Year ban, for failing to maintain, preserve and, or in the alternative deliver up complete accounting records of his business when winding it up, with a Bounce Back Loan owing. […]

A 9-year disqualification has just been handed out to a Company Director whose accounts prove his turnover was over-egged and the money trail proved the loan was not used for the benefit of his business. […]

It does look like a 6 year disqualification is the most common “punishment” for using a Bounce Back Loan for personal benefit and not the benefit for a business and leaving it owing at liquidation, as yet another Company Director has just been handed one, as this case reveals. […]

The next set of figures showing just how many Bounce Back Loan Guarantee claims have put in by lenders will no doubt be huge, and those figures are due this month. Here is another case in which a Company Director has been hit with a long disqualification for BBL wrongdoing. […]