The Disqualification Files Archives

A 4 Year and a 6 Year Disqualification for Not Using Two BBL’s for the Benefit of Those Businesses, and an 11 Year Disqualification for Massively Over-Egging “Estimated Turnover” Figure to Get a BBL

April 18, 2022

There does appear to be no consistency when it comes to the length of disqualifications handed out when a business owner takes the insolvency route with a Bounce Back Loan still owing, as today’s three cases will reveal. […]

Over-Egging Turnover to Get a Barclays £50k BBL and Stating Those Funds Were Sent to India for Software Development When in Fact Some Were Used For Personal Benefit Lands Company Director with a 7 Year Disqualification

April 15, 2022

Here are the details of another Company Director that took the liquidation route which then exposed all manner of wrongdoing with a Bounce Back Loan which was meant to be used for the economic benefit of the business. Upshot was a 7-year disqualification. […]

A 3 Year 6 Month Long Bankruptcy Restrictions Order Handed Out to Sole Trader for Over-Egging His Turnover to Get a BBL and Spending it on Living Expenses and Buying a Van That He Later Scrapped

April 15, 2022

One of the more lenient slapping’s for wrongdoing associated with a Bounce Back Loan has just been handed out to the sole trader mentioned in the case below, which saw him being given a three and a half year BRO. […]

Company Director Given a 10 Year Disqualification for Massively Over-Egging His Turnover to Get a Lloyds Bank Bounce Back Loan and Not Using It for the Benefit of the Company

April 14, 2022

Declaring that his business had a turnover of way more than it actually was to bag a Lloyds Bank Bounce Back Loan and also not even using the BBL funds for the benefit of his business and leaving it owing at liquidation has seen the Company Director below smacked with a 10 year disqualification. […]

Not Using a BBL for the Economic Benefit of His Business and Over-Egging the Turnover to Get a Lloyds Bank BBL and Leaving It Owing at Liquidation Sees a Company Director Slapped with a 9 Year Disqualification

April 13, 2022

Here are the details of another Lloyds Bank Bounce Back Loan that went bad due to the reasons outlined below, including over-egging of turnover to secure that loan, a 9 Year disqualification has just been handed out to the Director of that business. […]