The Disqualification Files Archives

5 Year Disqualification for Company Director Who Did Not Use a Bounce Back Loan for the Benefit of the Business

July 18, 2022

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. […]

Sole Trader Slapped with a 10 Year Bankruptcy Restrictions Order for Over-Egging His Turnover and Using His BBL for Personal Benefit

July 18, 2022

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. […]

A 7 Year Disqualification Has Just Been Handed Out to a Company Director Who Got a £50k Santander Bounce Back Loan for a Business That Wasn’t Trading Had No Turnover, and She Didn’t Use it for the Benefit of that Business

July 15, 2022

The Company Director in today’s case, nearly had a full house of Bounce Back Loan wrongdoing as you will see and has just been slapped with a seven year disqualification. […]

A Modest 4 Year Disqualification for Another Company Director Who Got a Bounce Back Loan But Didn’t Use It For the Benefit of His Business

July 14, 2022

There is no let up in the number of Company Directors currently being hit with disqualifications of varying lengths for some form of BBL wrongdoing after taking out one of those loans and leaving it owing at liquidation, and today’s case saw a somewhat lenient 4 year disqualification being handed out. […]

Massively Over-Egging His Business Turnover and Admitting Using a Bounce Back Loan for Personal Use Sees Company Director Hit with a 9 Year Disqualification

July 13, 2022

They do say honesty is the best policy, and after holding his hands up and admitting he used a £35k Bounce Back Loan from Barclays for personal use and as it was discovered his business turnover was nowhere near the required amount to get a BBL of that value, a Company Director gets slapped with a 9-year disqualification. […]