The Disqualification Files

In this section of the website you will discover over 2700 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.

The Disqualification Files

Co-Directors Get a 7 Year Disqualification Each for Applying for a £50,000 BBL When Company Only Eligible for £24,288 and Using Over £10k for the Benefit of Themselves

September 13, 2021

This is the first disqualification I have come across concerning Co-Directors of a LTD Company, however both have been hit with a 7 year disqualification for applying for a BBL more than they were entitled to and using a chunk of it to benefit themselves and not the Company, here is an overview. […]

The Disqualification Files

What Happens If a Sole Trader Goes Bankrupt and Has a Bounce Back Loan BUT Used It for Personal Benefit, Over Egged Their Turnover or Got One When Not Eligible For One – Take a Look at These Recent Cases and the Outcomes of Them

September 10, 2021

Today I will be looking at some recent cases that I have come to light in which sole traders have chosen to go bankrupt, but have a Bounce Back Loan, and either over-egged their turnover, used it for personal benefit, were not eligible from one, or even gambled it away instead of using it for the benefit of their business, and I will give you an insight into how they were dealt with. […]

The Disqualification Files

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 […]