The Disqualification Files

Maybe one day in the future, someone, somewhere will realise that forcing businesses to close down and stop trading for long periods of time and filling people’s heads with stories of how they could die due to a nasty virus and telling them to apply for a Government backed business loan with very few questions asked and expecting some of those who got one of them not to act in ways they perhaps wouldn’t […]

Whilst most people who sadly have to default on their Bounce Back Loan having not being able to repay them will see them written off as a credit loss, others who got one or more of those loans and used the funds against the terms […]

The guarantee claims on Bounce Back Loans are being put in by lenders at a growing pace, and today another eight of those loans have turned bad, with the recipients of them being slapped by the Insolvency Service for all manner of wrongdoing, here are those cases. […]

Another day, and another two Bounce Back Loans are left unpaid, one of those cases in today’s update saw a Director hit with a 3-year ban for failing to register for VAT. […]

Over-egging turnover and using funds from Bounce Back Loans for personal benefit are some of the reasons the following business owners have been slapped with long disqualifications after they took the bankruptcy/insolvency route leaving those BBL’s left unpaid. […]