Todays News

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Stating His Business Turnover was £200,000 to Get a £50k Barclays Bounce Back Loan and a £10k Local Council Grant When It Was in Fact Just £354 Lands Company Director with an 11-Year Disqualification

May 26, 2022

There currently appears to be no end of Company Directors who decided to take the insolvency route as a way to get out of repaying their Bounce Back Loans, but as today’s case proves, when there was any dodginess involved with obtaining and/or using that loan, it always results in a long disqualification. In this case it was 11 years. […]

The Usual Tale of Over-Estimating Turnover and Using a NatWest Bounce Back Loan for No Apparent Benefit of His Business Sees Another Director Slapped With an 11 Year Disqualification

May 26, 2022

Over-estimating his business turnover by over 52 times the actual figure, and a whole host of other wrongdoing associated with a Bounce Back Loan, results in the Director named in today’s case getting an 11-year disqualification. […]

Law Firm (Back British Business) Challenging Bounce Back Loans on Behalf of Their Clients Have Stopped Accepting New Clients Due to the Road Blocks Put in Their Way

May 25, 2022

The alarm bells started to sound in my head the […]

Company Director Over-Eggs Turnover to Get a £30k BBL and Uses Some of It For Personal Benefit Then Agrees to Repay All Sums Owed at Liquidation Over 49 Monthly Repayments Whilst Also Getting an 8 Year Disqualification

May 25, 2022

I have not seen an agreement reached with the Liquidator like the one in the following case, which saw a Company Director hit with an 8-year ban, but also agreeing to repay all funds owned including a Bounce Back Loan at the liquidation of his Company over 49 monthly payments. […]

Applying for a Bounce Back Loan from Barclays with an Estimated Turnover of £100,000 When It Was In Fact Zero and Using Most of the £25k BBL For Personal Benefit Sees Company Director Slapped with a 6 Year Disqualification When Taking the Insolvency Route

May 25, 2022

A Barclays Bounce Back Loan was left unpaid when the Company is todays case took the insolvency route, resulting in the Director being disqualified for a total of 6 years due to the highlighted wrongdoing. […]