The Disqualification Files Archives

HSBC Lose Another £50k Bounce Back Loan as Company Director is Given a 5 Year Disqualification for Transferring Funds to the Detriment of Creditors When He Should Have Known the Business Was Insolvent

May 5, 2022

There still appears to be a lottery in place regarding the amount of time Company Directors will be disqualified for when taking the insolvency route with a BBL still owing, when wrongdoing has come to light with that loan. Today’s case resulted in a 5 year disqualification. […]

Applying for and Getting a £50k Bounce Back Loan from Starling Back for a Dormant Company and Buying a Couple of Cars with the Proceeds and Leaving the BBL Owing at Insolvency Lands Company Director with a 6 Year Disqualification

May 4, 2022

Buying a couple of cars for private not business use using funds from a £50k Starling Bank Bounce Back Loan which were acquired for a dormant company with no turnover, lands Company Director with a 6-year disqualification. […]

2 x 11 Year and a 9 Year Disqualification Handed Out to Three Company Directors for Abusing the Bounce Back Loans Scheme and Leaving £145,000 in Total Owning at Liquidation to BBL Lenders

May 3, 2022

Another three Companies have been wound up with Bounce Back Loan wrongdoing having been discovered at liquidation, as you will see in today’s cases, the Directors of those businesses have been hit with long disqualifications for wrongdoing associated with those loans, including over-egging turnover and not being eligible for a BBL in the first place. […]

11 Year Disqualification for Business Owner for Blagging Two Bounce Back Loans for His One Single Business the Second Applied for AFTER the System Was in Place for Checking Duplicate BBLs!

May 2, 2022

This case highlights what happens when a business owner blags two BBLs for their one single business then takes the insolvency route. Shockingly the second BBL was approved AFTER the database was in place for banks to check if any BBL applications were duplicates. […]

Suitcase Full of Bounce Back Loan Cash Could Now Be in Spain as a Company Director Whose Last Known Address is There is Hit with a 7 Year Disqualification, and Another is Hit with a 9 Year Disqualification for BBL Wrongdoing

April 28, 2022

Two more recent cases of BBL wrongdoing for you to check out today, one involving an £18,750 Barclays Bounce Back Loan and another BBL valued at £31,000 which resulted in a 7-year and 9-year disqualification respectively. […]