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
11 Year Ban For Director Who Failed to Explain How He Estimated His Business Turnover to Get a £50k BBL (Then Transferred to Himself and His Ex-Wife), After Barclays Secured a High Court Winding Up Order against His Company for Not Repaying His BBL
Here is another case in which Barclays went to the High Court to secure a winding up order against a Company they felt had blagged them out of a Bounce Back Loan. […]
