As part of a pilot scheme, Barclays have so far gone to the High Court to get wound up around 120 Companies whose Directors blagged/scammed them out of a Bounce Back Loan, which means they then force the hand of the Directors of those Companies and opens the door for the Court appointed Liquidator to pursue their personal assets for repayment. Below are the ones I have so far tracked and reported on that resulted in a Director Disqualification. They have been given the greenlight to pursue more Directors due to the success of that pilot. However, other Lenders appear not to be interested in that pilot, as the only people who financially benefit are the Insolvency Practitioners and the “BBL Bounty Hunters” who chase those Directors and get a hefty chunk of the money recovered, with the taxpayer and BBL Lenders getting nothing back!
Lord Agnew’s Bounce Back Loan Bounty Hunters Pay £1 to Liquidators to Take On a Case (They Will Get a Share of Money Recovered From) to Recover Funds From a Director Who is Today Starting a 12 Year Ban for Blagging Two BBLs After Barclays Got His Company Wound Up in the High Court
Here is the Court Order, Liquidator Comments, and the details of this case. […]