The Disqualification Files Archives

Whopping 9 Year Disqualification for Businesswoman Who Used £20k of a £37.5k Bounce Back Loan for Her Personal Benefit When LTD Business Only Allowed an £8,800 BBL

September 6, 2021

Stories such as today’s may worry some of you out there, however having seen how many BBL lenders misled some people over their turnover figure, and with the British Business Bank admitting many lenders and brokers did mislead people, when applying for a Bounce Back Loan, and my additional […]

Company Director Uses Over £39k of a £50k Bounce Back Loan to Settle a Personal Loan and Upon Liquidation is Hit With a 7 Year Disqualification

August 30, 2021

The Insolvency Service does not like it when someone winds up their business and it comes to light a Bounce Back Loan was taken out in the name of the business but was not used for the economic benefit of that business, and one Company Director has just been hit with a […]

Insolvent Businessman Paid Over £27k to a Relative After Receiving a BBL and is Hit with a 4 Year Disqualification – Another Bagged £17k Via the Scheme and Was Hit With a 6 Year Disqualification

August 27, 2021

As the Bounce Back Loan scheme slowly but surely implodes, today I bring you another couple of recent Insolvency Service judgements/outcomes, this time regarding an insolvent businessman who secured a BBL and transferred […]

Improper Application for a Bounce Back Loan Worth £50,000 Sees Bankruptcy Restrictions Increased to 10 Years

August 24, 2021

First time I have come across one of these, it’s […]

Six Year Disqualification for Company Director Who Paid Himself £30,000 from a £46,000 Bounce Back Loan That Provided No benefit to the Company, Creditors and Breached the Conditions of the BBL

August 24, 2021

Another Company Director has just been hit with a six year disqualification for what the Insolvency Service deem to be a breach of the conditions of a Bounce Back Loan. On 05 May 2020 Paul […]