The Disqualification Files Archives

Company Director Applied for a Bounce Back Loan After His Business Ceased Trading and is Hit with an 8 Year Disqualification

February 22, 2022

I have seen a number of cases similar to this one, which revolves around a Company Director applying for and getting a Bounce Back Loan when his Company had ceased trading, upshot of this case is the Director has just been given an 8-year disqualification. […]

Company Director Gets a 5 Year Disqualification for Not Using a Bounce Back Loan for the Benefit of His Business

February 22, 2022

Just a five-year disqualification was handed out to the Company Director in the following case, which it is stated a £50k Bounce Back Loan was not used for the benefit of his business. […]

Bagging a Bounce Back Loan Top-Up by Mis Representation Lands a Sole Trader with an 8 Year BRO and Another Gets a 7 Year BRO for Using His BBL For Personal Benefit

February 19, 2022

A couple of sole traders have just been given 7-year and 8-year Bankruptcy Restriction Orders for wrongdoing with their Bounce Back Loans, here are the details of both of those cases. […]

Insolvency Service Cannot Make Head Nor Tail of a Company’s Finances Including if a £30k NatWest BBL Was Used Legitimately So Slap Director With a 7 Year Disqualification

February 17, 2022

Today’s case shows you what happens if you put the Insolvency Service in a position whereby they cannot work out a businesses finances when its being wound up, and whether a Bounce Back Loan was legit. A seven-year disqualification was deemed a suitable punishment for this […]

4, 6 and 8 Year Disqualifications Handed Out to Three Company Directors As Another £150,000 in Bounce Back Loans Turn Sour

February 16, 2022

Today’s three cases, which saw £150k in BBLs turning sour, will give you some idea of how the Insolvency Service has just dealt with three Company Directors and their “wrongdoing” having wound up their businesses with a Bounce Back Loan still owing. […]