The Disqualification Files

Bagging a BBL then getting a BBL top up and using it to pay off a personal loan taken out against her home was never a good idea, much more so when the BBL was never repaid, Having admitted such to the Liquidator, this Company Director is now starting a 7-year disqualification as punishment.   […]

No wonder Lloyds Bank are now admitting that they suspect a huge number of their Bounce Back Loan recipients blagged a BBL off them or suspect them of some other form of wrongdoing, when you read through this case, in which one of their customers has just received a 6-year disqualification. […]

By not delivering to a Liquidator or in the alternative not maintaining and/or preserving accounting records, leaves the Insolvency Service with a problem when a Company takes the insolvency route with a BBL owing, as they cannot work out whether the Company was eligible for that loan and cannot work out where it went. Which in the case below, led to them slapping a Company Director with a 6 year disqualification. […]

Another Barclays Bounce Back Loan has turned sour in this rather long and drawn-out case. […]

A six-year disqualification has just been handed out to the Director named in this case for over-egging the turnover of his business to get a bigger BBL than his Company was entitled, and transferring most of it to himself. […]