The Disqualification Files

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.

The Disqualification Files

Another Eight Bounce Back Loans Valued at £331,500 Go Bad With One Sole Trader Blagging Three BBLs Worth £124,500 When Only Eligible for One – Turns Out He Over-Egged His Turnover and Did Not Use the Funds to Help His Business

June 22, 2022

The guarantee claims on Bounce Back Loans are being put in by lenders at a growing pace, and today another eight of those loans have turned bad, with the recipients of them being slapped by the Insolvency Service for all manner of wrongdoing, here are those cases. […]

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8 Year Disqualification Handed Out to Company Director For Applying For and Getting a £50k BBL When Only Eligible For a £10k HSBC Bounce Back Loan

June 15, 2022

As for whether people are getting away with taking the insolvency route when they took out a BBL and left it unpaid at liquidation, when for example they over-estimated their turnover to get that loan, well over-estimating by more than an additional 25% of the 25% 2019 turnover figure used to determine a BBL’s value is deemed to be the tolerance limit before a long disqualification is handed out, as you will see in the case below. […]