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.
Insolvency Service Hits Company Director With a 6 Year Disqualification for Being Both Insolvent When Applying for a £15k BBL and Using £14,980 for Personal Benefit and Not the Benefit of the Business
The number of businesses defaulting on their Bounce Back Loans is increasing rapidly, but let’s face it they are going to continue to do so, unless Rishi listens to those offering alternative solutions, and brings out a few more options for those experiencing financial problems. Today I will give you an overview of the reasons why the Insolvency Service has just hit one Director with a 6 year disqualification, and much like all previous cases in my “Disqualification Files it involves a BBL. […]