The Disqualification Files Archives

6 Year Disqualification For a Company Director for Using a £50k NatWest Bounce Back Loan for Personal Benefit and Not for the Benefit of His Business

July 11, 2022

It does look like a 6 year disqualification is the most common “punishment” for using a Bounce Back Loan for personal benefit and not the benefit for a business and leaving it owing at liquidation, as yet another Company Director has just been handed one, as this case reveals. […]

£25k Bounce Back Loan Turns Sour as Company Director is Hit with a 6 Year Disqualification for Using it for Personal Benefit and Leaving it Owing at Liquidation

July 11, 2022

The next set of figures showing just how many Bounce Back Loan Guarantee claims have put in by lenders will no doubt be huge, and those figures are due this month. Here is another case in which a Company Director has been hit with a long disqualification for BBL wrongdoing. […]

Another £212,000 In Bounce Back Loans Turn Bad as Six Sole Traders Get Bankruptcy Restrictions Orders For Bounce Back Loan Wrongdoing Including Over-Egging Turnover and Using the Loans for Personal Benefit

July 9, 2022

Bankruptcy Restrictions Orders varying in length from 6 to 10 years are being handed out a great speed currently, and here are another six sole traders who have been slapped with one for all manner of Bounce Back Loan wrongdoing. […]

Admitting He Used a Barclays Bounce Back Loan Obtained by Over-Egging Turnover for Personal Benefit Lands Company Director with a 10 Year Disqualification

July 7, 2022

Not paying back a Bounce Back Loan obtained by over-egging the business turnover and taking the insolvency route leaving the BBL unpaid when that loan has been used for personal benefit always results in a disqualification, and here are the details of someone who has just been hit with a 10 year disqualification for doing just that. […]

10 Year Disqualification for Over-Egging Turnover to Get a Metro Bank Bounce Back Loan and Building a Garage at Home with the Proceeds and Leaving the BBL Unpaid at Liquidation

July 7, 2022

A £50k Bounce Back Loan from Metro Bank has gone with the wind, resulting in a Company Director being disqualified for 10 years for the wrongdoing outlined in today’s case. […]