The Disqualification Files

Another case in which a Liquidator is left scratching his or her head trying to work out whether wrongdoing has been discovered regarding a Bounce Back Loan and Coronavirus Job Retention Scheme funds, either way due to lack of accounting records the Company Director named gets a 6-year disqualification. […]

One of the longer cases I have reported on, you will see this Company Director did indeed deserve the 7-year disqualification he has just been given, which on reflection does appear rather lenient when compared to others who have found to have done similar wrongdoing. […]

Considering the length of disqualifications that have been handed out recently for all manner of supposed wrongdoing related to funds from a Bounce Back Loan, the 4 year one given to this Company Director was rather lenient. […]

It has not been possible for the Liquidator to work out whether a Company was eligible for a BBL and whether that loan was used for the economic benefit of the business for the reasons laid out in this case, but ultimately the Director was hit with a 6-year disqualification: […]

Looking at the value of Bounce Back Loans that have already turned sour with Tide, you can see why they are claiming the guarantee so quickly when you read about this case, which saw a Company Director slapped with a 10-year disqualification. […]