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.

10 Year Ban for Getting a Barclays Bounce Back Loan of £50k By Over-Egging His Company’s Turnover When Only Entitled to a BBL Valued at a Tad Under £10k and Leaving it Owing at Liquidation

November 23, 2022

I remember one of the bosses at Barclays saying she suspects around 6% of her BBL customers over-egged their turnover, and the chap named below who got one of those loans from them certainly did, and has been given a 10 year ban for the wrongdoing highlighted. […]

Skulduggery with a £50k Barclays Bounce Back Loan and Blagging Tower Hamlets Council Out of Business Grants, Sees a Company Director Slapped with a 9 Year Disqualification

November 21, 2022

Once you read the following tale, you will probably agree the Company Director named deserves every day of his 9 year ban. […]

Having Blagged a £50k Bounce Back Loan from Santander for His Business That it Was Not Entitled to and then Transferring it to Himself and Taking the Insolvency Route with the BBL Still Owing, a Company Director is Given an 11 Year Ban

November 21, 2022

Here is an insight into why the Company Director named below is now starting an 11 year ban for BBL wrongdoing. […]

Over-Egging His Company’s Turnover to Secure a Bounce Back Loan Higher in Value Than Eligible for, Then Signing to Get His Company Struck Off Results in a Company Director Getting a 9 Year Ban

November 21, 2022

Here is yet another case in which a Company Director got a Bounce Back Loan for his business higher in value than it was eligible for then got the Company struck off with the BBL still owing. […]

Read the Testimony of Someone Who Purchased a Rolex Watch, Travelled and Gambled and Misused a Bounce Back Loan Who Has Just Been Given a 7 Year Bankruptcy Restrictions Order. Plus, Three Other People In a Similar Situation

November 19, 2022

Below is today’s rollcall of people who have just been given Bankruptcy Restrictions Orders for Bounce Back Loan wrongdoing, including the testimony of one chap who admitted to not using his BBL for the benefit of his business. […]