In this section of the website you will discover over 2400 defaulted Bounce Back Loans, along with the Company and Directors / Sole Traders names, all of whom received some form of punishment (also revealed) as it was found each of them had abused the BBL scheme in one way or another. Grab a coffee, but please do not choke on it, as you read them, for some of the BBL associated skulduggery is quite shocking.
6 Year Disqualification for Company Director Who Used a £50k Lloyds Bank Bounce Back Loan for Personal Benefit
The Insolvency Service sure are going to be busy moving forward, in fact their workload has been somewhat boosted recently with the number of Company Directors who wound up their businesses with a Bounce Back Loan owing. That always sees a full investigation into whether the business was eligible for the BBL and whether it was used correctly. Here is an overview of a recent case which resulted in a 6-year disqualification when BBL wrongdoing was discovered. […]