The Disqualification Files Archives

Applying For and Getting a £40k Bounce Back Loan for a Business That Wasn’t Trading Lands a Company Director with an 11 Year Disqualification

January 26, 2022

Another day, another tale of a Bounce Back Loan that has gone sour, today’s case involves a £40k BBL being given to a company that wasn’t trading with questions left unanswered as to where the money went. […]

Another Case of Estimated Turnover Being Too High Results in a Company Director Getting an 8 Year Disqualification for Taking the Insolvency Route with a £50k NatWest Bounce Back Loan Left Owing

January 25, 2022

Quite an explosive day yesterday in the House of Lords, with Lord Agnew of Oulton a Minister of State (HM Treasury) exposing the farce that the Bounce Back Loan scheme has become and resigning on the spot, if you have not seen the video of him doing so make sure you do it’s a corker. Anyway, today I present to you another case in which the Insolvency Service has […]

Company Director Gets a 9 Year Disqualification for Failing To Deliver to the Liquidator a Set of Prepared Accounts to Allow Him to Ascertain if Funds From a £45k NatWest Bounce Back Loan Were Legitimately Used

January 20, 2022

All manner of tricks are being used to try and befuddle or at least frustrate the Liquidator from doing his or her job when it comes to winding up a business with a Bounce Back Loan owing, and today’s case saw one […]

Starling Bank Sure Do Have a Lot of Bounce Back Loans Turning Sour – Here Is Yet Another £50k BBL That Has Been Defaulted On Resulting in a 6 Year Disqualification for a Company Director

January 14, 2022

Having obtained a £40k Bounce Back Loan from Starling Bank then a few months later topping it up to £50k, and then taking the insolvency route but not explaining where the funds for that loan went after transferring them to his personal account, the Company Director in today’s case has just […]

A 6 Year Disqualification for Company Director Who Took Out a £50k Santander Bounce Back Loan When He Should Have Know His Business Was Insolvent and Used the Loan for Personal Benefit

January 12, 2022

As the number of businesses going bust continues to rise, so too does the number of Company Directors hit with a long disqualification when they have declared their business insolvent and have been found to have committed some form of wrongdoing with a Bounce Back Loan. Here is yet another case of a Santander Bank BBL being used for […]