The Disqualification Files Archives

Applying for and Getting a £50k Santander Bounce Back Loan By Over-Egging Turnover Results in a 5 Year Disqualification for a Company Director

August 31, 2022

Taking the Insolvency route knowing you over-egged the turnover of your business to get a Bounce Back Loan and leaving it unpaid will always results in a long disqualification, unless a sound reason for doing so is presented to the Insolvency Service, the Director named below however is currently starting a 5-year ban as no sound and well-balanced reason was put forth. […]

Admitting He Used Most of His Company’s Yorkshire Bank £28k Bounce Back Loan for Personal Benefit Sees Company Director Given a 5 Year Disqualification

August 31, 2022

There are plenty of Company Directors that are currently waiting to hear their fate, when it comes to wrongdoing associated with a Bounce Back Loan, the one named in this case is starting a 5-year disqualification for using most of his company’s BBL for personal benefit. […]

Using Most of His Company’s Bounce Back Loan for Personal Benefit Lands a Company Director with a 6 Year Disqualification

August 30, 2022

It won’t be long now until the big banks start putting in the guarantee claims for their Bounce Back Loans that have turned sour, and when that day arrives many eyebrows will be raised. They have not yet done so, probably to save them having to take […]

Company Director Submitted Dormant Accounts After Getting a £50k Lloyds Bank Bounce Back Loan and Gets a 9 Year Disqualification for Leaving It Unpaid at Liquidation

August 29, 2022

One of the small number of rules associated with the Bounce Back Loan scheme was that a business must have been trading on the 1st of March 2020. Taking the insolvency route after getting a BBL and submitting dormant accounts for that period is of course a big red flag for […]

After Checking a Total of Seven Bank Accounts It Was Discovered a Business Owner Did Over-Estimate His Turnover to Get Two £50k Metro Bank Bounce Back Loans and is Now Starting a 7 Year Disqualification After Taking the Insolvency Route With His Two Businesses Leaving Both BBL’s Unpaid

August 26, 2022

Not one of the longest disqualifications handed out recently, but the Company Director named in today’s two BBL related cases is starting a seven-year disqualification for over-estimating the estimated turnover to get two BBLs and leaving both of those loans owing at liquidation. […]