The Disqualification Files

Just a 7 Year Disqualification for a Company Director Who Couldn’t or Wouldn’t Prove a £40k Barclays Bounce Back Loan His Company Applied for was Spent on the Business and Whether it Was Eligible for that BBL

The increase in Company Directors choosing to fail to maintain, and/or preserve or alternatively not deliver to the Liquidator their accounting records when taking the insolvency route with a Bounce Back Loan is interesting, for here is yet another case of a Director who got a noticeably lower disqualification than he would have got if such records were available and proved BBL wrongdoing. […]

The Disqualification Files

Insolvency Service Whacks Another Company Director with a 10 Year Ban for Over-Estimating His Estimated Turnover When Applying for a £50k Barclays Bounce Back Loan

A Barclays £50k Bounce Back Loan is what this case revolves around and is another prime example of why those who over-estimated even their permitted estimated turnover to get one of those loans have a lot to worry about if they take the insolvency route and leave that loan unpaid. […]

The Disqualification Files

Company Director Given an 11 Year Ban for Getting a £50k Bounce Back Loan from Barclays When Only Eligible for £12,950 and Another Also Given an 11 Year Ban for Getting a £45k NatWest BBL When Only Eligible for £4,428

Getting a Bounce Back Loan by over-egging their turnover, then spending most of it on themselves and not the business, and ultimately taking the insolvency route has resulted in the two Company Directors named below being given 11-year disqualifications, which they are now starting. […]