The Disqualification Files Archives

Restaurant Owner Used at Least £40k of a £50k NatWest Bounce Back Loan for Personal Benefit and is Hit with a 6 Year Disqualification at Liquidation

February 1, 2022

Whilst those who are struggling to repay their Bounce Back Loans are not being offered any real help, bar the costly PAYG options, others who took the money but used it for personal benefit then opted to take the insolvency route are being hit with disqualifications. Here is another case which saw a Company Director get a 6-year disqualification for wrongdoing with a BBL from NatWest […]

We Wave Goodbye to Another Three Bounce Back Loans Worth Over £97,000 As Four More Company Directors are Hit With Disqualifications for Wrongdoing

January 31, 2022

Here are some more cases that have recently gone before the Insolvency Service, all of them involve Bounce Back Loans and each Company Director named has, as usual, been hit with a disqualification. […]

Young Chap From Blackpool Misrepresented That He Was a Sole Trader to Blag a £10k Bounce Back Loan and Ends Up with a 9 Year Bankruptcy Restrictions Order

January 29, 2022

Most of the Insolvency Service (I/S) slapping’s that have been handed down from the hundreds that I have tracked throughout this website have been given to Ltd Company Directors. […]

Despite Rishi Sunak Saying He Isn’t Writing Off BBLs, I Present To You the 351st Case of BBL Wrongdoing Which Will See the Debt Being Written Off and the Bank Receiving Its Money Back

January 28, 2022

Today’s case resulted in a Company Director being hit with a 7-year disqualification and another Lloyds Bank Bounce Back Loan, this one worth £50,000, being for want of a better word, wasted. […]

Newport Bankrupt Abused Bounce Back Loan to Fund Drug Habit

January 27, 2022

Louis Glyn Maxwell, 35, from Newport, was the sole trader owner of Mr Tow Recovery Logistics, a car breakdown recovery business in the Newport area. Established in June 2019, the business operated using a Jeep […]