Premium Content Archives

A 7 Year Disqualification for a Company Director Whose Actions Meant the Liquidator Was Unable to Verify How His Estimated Turnover Was Arrived At to Obtain a TSB Bounce Back Loan and Whether It Was Used For the Benefit of the Business

January 4, 2022

A TSB Bounce Back Loan has turned sour, resulting in a Company Director being slapped with a 7 year disqualification in the case I will outline below. […]

A Rather Lenient 5 Year Disqualification Handed Out to a Company Director Who Was Unable to Prove a Bounce Back Loan He Wasn’t Entitled To Was Used For the Benefit of the Business

January 4, 2022

There is currently no rhyme or reason to the disqualification lengths the Insolvency Service are dishing out for identical cases of BBL wrongdoing. This case involves a Company Director applying for, getting, and then using a Bounce Back Loan when he was not entitled to one and him being unable to prove that loan was used for the economic benefit of the business. […]

Yet Another Santander £50k Bounce Back Loan Now Heading for the Government Guarantee as Another Company Director is Hit With a 6 Year Disqualification for Failing to Provide and Maintain and/or Preserve Adequate Account Records

January 3, 2022

Most banks are now well versed with the procedure for calling upon the Government Guarantee for a Bounce Back Loan when a LTD Company Director has taken the Insolvency route, as plenty of BBL’s have turned sour. Today’s case involves a £50k Santander BBL and a 6 year disqualification handed out by the Insolvency Service. […]

Today I present to You Another Batch of Barclays Bank Bounce Back Loan Related Complaints That the Ombudsman Has Recently Ruled On

January 2, 2022

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NatWest Took Seven Months to Open a Servicing Account Then Declined an SME a Bounce Back Loan Repeatedly – Upshot Is that Ben the Ombudsman Doesn’t Uphold the Complaint

December 31, 2021

As the clock ticks down to midnight tonight, whatever you have planned I wish you a Happy New Year and here’s hoping things get back to some form of normality for everyone in 2022. Today I present to you another Bounce Back Loan related Ombudsman complaint which was not upheld. […]