The Disqualification Files

This section of the website looks in detail at everyone given a Director Ban or a Bankruptcy Restrictions Order for Bounce Back Loan related wrongdoing, along with full details of what each person did, and occasionally other wrongdoing that resulted in a defaulted BBL.

The Insolvency Service recently said: “We expect to see a reduction in Covid Scheme related outcomes during 25/26 as we work through the pool of Bounce Back Loan cases”.

They have also warned that a BBL must be repaid and if the money your company borrowed is not repaid; your company may be investigated by the Insolvency Service, even if it has been dissolved.

If we find there was misconduct in the use of the BBL, action may be taken against you and your company.

Types of misconduct can include, providing false information on loan application, the loan being used for personal benefit and/or dissolving your company to avoid repaying the loan

As a result of the misconduct your company could be wound up by the Court, you could be disqualified as a director, and a Court Order may be made for you to pay compensation.

The Disqualification Files

Two More People Hit with Long Bankruptcy Restriction Orders for Bounce Back Loan Skulduggery and Several Bank Bosses Are Quizzed About How They Handle BBL Defaults and Arrears

December 6, 2022

I watched four bank bosses being quizzed about the Bounce Back Loan scheme yesterday, and from the lacklustre grilling of them by members of the Public Accounts Committee, I get the feeling the MP’s that make up that Committee have given up trying to make sense of that loan scheme. […]

The Disqualification Files

Today’s the Day the Tribunal Starts to Decide Whether Everyone with a Bounce Back Loan will be Named on a Public Register – Plus Details of 3 More People Found to Have Committed BBL Wrongdoing

November 28, 2022

I will be watching the Tribunal today that is going to decide whether everybody who took out a Bounce Back Loan will be named on a public register, it is scheduled to last three days, whether it will or not, well, we will have to wait and see. I will let you know how it goes. Also, here are the details of three more people […]

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The Disqualification Files

With No Accounting Records Supplied to the Liquidator It Was Not Possible to Determine Whether a Company Director Was Guilty of Any Bounce Back Loan Wrongdoing So He Gets a Reduced 6 Year Ban

November 25, 2022

Here is another case that saw a Company Director getting a much reduced disqualification, than he would have done if he had supplied accounting records that have proven he had committed Bounce Back Loan wrongdoing, as such he got a 6 year ban which could have easily been double that length of ban if he had supplied those records and they proved wrongdoing. […]

The Disqualification Files

After Working Out a Company Was Not Trading When It Secured a Santander Bounce Back Loan by Checking Its Bank Account, Whether It Was Paying Business Rates and the Lease of the Business Premises, a Director is Given a 10 Year Ban for BBL Wrongdoing

November 24, 2022

Here is another Company Director who effectively handed himself on a plate to the powers that be for Bounce Back Loan wrongdoing by taking the Insolvency route, to which he is now starting a 10 year disqualification. […]