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!
BBL Bounty Hunters
6 Year Ban Given to a Windsor Based Director Who Failed to Repay His Company’s Lloyds Bank Issued Bounce Back Loan After Securing a CBILS Loan, the Liquidator Confirms that Lord Agnew’s BBL Bounty Hunters Are Now Assigned to the Case
Here is another case involving both a Bounce Back Loan and a CBILs, and as you will see, from what the Liquidator has said, Lord Agnew’s Bounty Hunters are now on the case. […]
