Three Sole Traders Given 11 Year Bankruptcy Restrictions Orders – Two of Them for Blagging Two Bounce Back Loans Each and One of Them for Blagging Three Bounce Back Loans

Here is an overview of the Bounce Back Loan skulduggery each of the three people listed below got u to that resulted in them getting their respective 11 Year Bankruptcy Restrictions Order.

11 Year Bankruptcy Restrictions Order

Sandra Kathleen Coleman (Mrs Coleman) last known address Bluebell Cottage, Alcester Road, Stratford- Upon -Avon, CV37 9RJ, while trading as The Old Thatch Tavern obtained two Bounce Back Loans (BBL), from different lenders, totalling £100,000, the second of which she was not eligible for and which she failed to use entirely for the economic benefit of her business. She filed her own petition with liabilities of £294,195.

11 Year Bankruptcy Restrictions Order

Conduct: Mr Christopher Langton (“Mr Langton”) last known address Oaktree View, Highland Terrace, Swansea, SA4 8JS, applied for and obtained three Bounce Back Loans (‘BBL’), totalling £90,000 for his sole trader businesses to which he was not entitled.

11 Year Bankruptcy Restrictions Order

Gerardo Xavier Ortiz (hereby known as Mr Ortiz) last known address 40 Como Street, Romford, RM7 7DR, obtained 2 Bounce Back Loans (BBL) totalling £100,000 to which he was not entitled, due to neither business having been trading as of 1 March 2020.

Between 9 and 23 November 2020, at least £50,000 was not used for the business but was transferred to his personal account, when BBLs were only granted for the purpose of providing economic benefit to the self-employed business.

Mr Ortiz applied for his own bankruptcy on 14 December 2022.