The Disqualification Files

Here are the sordid details of yet another HSBC Bounce Back Loan that a Company Director who is now starting an 11 year disqualification got, that his business was not eligible for and to rub salt into tax-payers wounds (who will have to repay it), he did not use that loan for the benefit of his business. […]

Two NatWest and one Lloyds Bank Bounce Back Loan are no longer going to be repaid by the businesses listed below, due to the actions of the following Company Directors, all of whom have been hit with disqualifications.   […]

The increase in Company Directors choosing to fail to maintain, and/or preserve or alternatively not deliver to the Liquidator their accounting records when taking the insolvency route with a Bounce Back Loan is interesting, for here is yet another case of a Director who got a noticeably lower disqualification than he would have got if such records were available and proved BBL wrongdoing. […]

A Barclays £50k Bounce Back Loan is what this case revolves around and is another prime example of why those who over-estimated even their permitted estimated turnover to get one of those loans have a lot to worry about if they take the insolvency route and leave that loan unpaid. […]

Here is another sorry tale of a Company Director blagging a Bounce Back Loan and leaving it unpaid, resulting in the taxpayer picking up the tab and her getting a 10-year disqualification. […]