The Disqualification Files Archives

Three More Bounce Back Loans Totalling £100k Including One From Barclays and One From Santander Turn Sour with 4, 6 and 7-Year Bans Handed Out

June 16, 2022

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. […]

3 Years 6 Months Disqualification Handed to a Company Director For a Whole Host of Wrongdoing Including Failing to Deliver Accounting Books to Help the Liquidator Work Out Where a £15k Santander Bounce Back Loan Went

June 15, 2022

Compared to some of the disqualifications handed out for Bounce Back Loan wrongdoing, the 3 years and 6 month one in today’s case is quite lenient. […]

8 Year Disqualification Handed Out to Company Director For Applying For and Getting a £50k BBL When Only Eligible For a £10k HSBC Bounce Back Loan

June 15, 2022

As for whether people are getting away with taking the insolvency route when they took out a BBL and left it unpaid at liquidation, when for example they over-estimated their turnover to get that loan, well over-estimating by more than an additional 25% of the 25% 2019 turnover figure used to determine a BBL’s value is deemed to be the tolerance limit before a long disqualification is handed out, as you will see in the case below. […]

Another Four Bounce Back Loans Go To BBL Heaven, One Used to Fund a Feature Wall and Bathrooms, One Acquired By Over-Egging Turnover Used to Pay Off a Personal Loan and the Other Two Acquired By One Person Were Used to Trade Cryptocurrency

June 12, 2022

The roll call of one-time business owners, and some who didn’t even own a business who took out one or more Bounce Back Loans and left them unpaid at insolvency/bankruptcy is growing, and here are a few more cases that involve some form of wrongdoing that was uncovered with those BBLs. […]

Company Director Hit With a 6 Year Disqualification For Not Providing to the Liquidator Financial Records to Allow Them to Work Out What a Bounce Back Loan Was Spent On.

June 9, 2022

Barclays have seen another of their Bounce Back Loans go up in flames, as you will see in today’s case which resulted in another of their Business Customers being slapped with a 6-year disqualification. […]