The Disqualification Files

By not delivering to a Liquidator or in the alternative not maintaining and/or preserving accounting records, leaves the Insolvency Service with a problem when a Company takes the insolvency route with a BBL owing, as they cannot work out whether the Company was eligible for that loan and cannot work out where it went. Which in the case below, led to them slapping a Company Director with a 6 year disqualification. […]

Another Barclays Bounce Back Loan has turned sour in this rather long and drawn-out case. […]

A six-year disqualification has just been handed out to the Director named in this case for over-egging the turnover of his business to get a bigger BBL than his Company was entitled, and transferring most of it to himself. […]

You can see why the number of BBL guarantee claims submitted by and paid out to Starling Bank are so high, when you read about cases such as this one, which has resulted in a Company Director starting a 9-year disqualification. […]

Here is the story of another £50k Bounce Back Loan that will be claimed back by HSBC via the Government Guarantee. […]