The Disqualification Files

This section of the website looks in detail at everyone given a Director Ban or a Bankruptcy Restrictions Order for Bounce Back Loan related wrongdoing, along with full details of what each person did, and occasionally other wrongdoing that resulted in a defaulted BBL.

The Insolvency Service recently said: “We expect to see a reduction in Covid Scheme related outcomes during 25/26 as we work through the pool of Bounce Back Loan cases”.

They have also warned that a BBL must be repaid and if the money your company borrowed is not repaid; your company may be investigated by the Insolvency Service, even if it has been dissolved.

If we find there was misconduct in the use of the BBL, action may be taken against you and your company.

Types of misconduct can include, providing false information on loan application, the loan being used for personal benefit and/or dissolving your company to avoid repaying the loan

As a result of the misconduct your company could be wound up by the Court, you could be disqualified as a director, and a Court Order may be made for you to pay compensation.

Another Director is Slapped with a 9 Year Disqualification for Over-Egging His Business Turnover to Get a Barclays £50k Bounce Back Loan which Was Left Unpaid at Liquidation

November 7, 2022

I am sure it wont be long until my Bounce Back Loan Abuser Tracker gets to 1,000 in number and here is another Company Director who has been found to have committed wrongdoing when applying for a BBL, which ended up being left unpaid at liquidation, for which he has been given a 9 year ban. […]

Having Applied for and Got Two Bounce Back Loans Worth £80,000 in Total for His One Single Business and Leaving Both Unpaid at Liquidation, a 10-Year Ban for a Company Director is Handed Out

November 7, 2022

It was in May 2020 and then in August 2020 the Company Director named below applied for Bounce Back Loans for his one single Company, he got both of them, left them unpaid at liquidation and now is starting a 10 year ban. […]

Having Worked Out a Company Wasn’t Trading As Of March 1st, 2020, and the Estimated Turnover Was Way Off Mark, a Company Director is Hit With a 9 Year Ban for Bagging a £30k Barclays BBL Left Unpaid at Liquidation

November 7, 2022

It didn’t take very long, and it never does, for the powers that be that forensically went over the Bounce Back Loan application associated with the Company Director below to work out his Business wasn’t entitled to it. The upshot being he is now starting a 9 year ban. […]

Company Director Starting a 9 Year Disqualification for Over-Egging His Business Turnover to Get a Much Higher Valued HSBC Bounce Back Loan Than His Company Was Entitled To

November 4, 2022

Just one disqualification to report today, that being the chap below who for the “crime” of over-egging his turnover to get a BBL roughly double in size than he was entitled, and leaving it unpaid at liquidation, is now starting a 9 year ban. […]

A 9 Year and a 10 Year Bankruptcy Restrictions Order Handed Out to Two Sole Traders for Bounce Back Loan Wrongdoing

November 3, 2022

As you will see when looking through my Bounce Back Loan Abuser Tracker, it is not only Company Directors that are being given Disqualifications for any type of BBL wrongdoing uncovered when someone takes the insolvency/bankruptcy route and leaves one of those loan unpaid, it is also Sole Traders too. […]