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!
The Disqualification Files
Barclays Secure Two High Court Winding Up Orders Against Two Companies With the Same Director Who Blagged Them Out of 2 BBLs, the Director Is Today Starting an 11 Year For Blagging Not One But Two Bounce Back Loans
Here are both the Winding Up Orders and the background of this case which resulted in an 11 year ban for the Director named. […]
