The Disqualification Files Archives

4 Year Disqualification for Amongst Other Things Wrongdoing Related To a Barclays Bounce Back Loan

April 5, 2022

Barclays do appear to have seen lots of their Bounce Back Loans turning sour, and here is another case related to one of their BBLs, which resulted in a Company Director being hit with a somewhat modest 4-year disqualification. […]

Insolvency Service Lays Down the Law and Slap Two Co-Directors with 11 Year Disqualifications for Wrongdoing Related to a £50k Barclays Bounce Back Loan

April 5, 2022

Turnover discrepancies and not using a £50k Barclays Bounce Back Loan for the economic benefit of their business lands two Company Directors with an eleven-year disqualification. […]

6 Year Disqualification for Company Director Who Used Funds From a £49k Santander Bounce Back Loan as a Directors Loan for Rent and Other Living Expenses Leaving it as an Unpaid Asset at Liquidation

April 4, 2022

Today’s case, the details of which you will find below, has resulted in a 6-year disqualification, and involves a Santander Bounce Back Loan. On 11 May 2020 […]

Co-Directors Receive 10 Year Disqualifications for Applying for a £50k Bounce Back Loan and Not Using it for the Economic Benefit of the Company

April 4, 2022

£50,000 is the value of the Bounce Back Loan that as turned sour in this case, and Co-Directors of the Company involved have been hit with a 4 year and 3 year six month disqualification for the reasons outlined. […]

7 Year BRO’s Handed Out to Two Sole Traders Who Were Found to Have Done Some Form of Wrongdoing to Get or When Using a Bounce Back Loan

April 2, 2022

New figures released by HM Treasury show that £1.6billion in Bounce Back Loans guarantees have so far been called upon by lenders, of which 6176 guarantees worth £203million has been paid out to them. They believe though, that 1860 of them worth £73million are for suspected fraudulent ones. As to what they deem fraudulent, well here are two new cases that […]