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!
Subscriber Special 2
Barclays Head to the Courts to Seek Winding Up Orders Against Companies That Outrageously Blagged Them Out of Bounce Back Loans and Company Directors That Also Legged It
The rules for recovery and the enforcement of unpaid Bounce Back Loans are quite clear, and that is it is the job of the Lenders to, and in exceptional circumstances, seek enforcement of those unpaid loans. […]