Three Directors Banned for Bounce Back Loan Misconduct
BBL Blaggers
Company Director Receives 5-Year Ban for Misusing Bounce Back Loan Funds
A UK company director has been disqualified for five years after failing to use the majority of a Bounce Back Loan for business purposes. The Insolvency Service found that the director diverted funds meant to support the company during the pandemic, breaching loan terms and undermining the government’s COVID-19 relief scheme. […]
BBL Blaggers
10-Year Ban for Director as Barclays Claims Guarantee on Unpaid £50k Loan
Barclays has claimed a government guarantee for a £50,000 Bounce Back Loan after a director overstated turnover and failed to repay, leading to a 10-year ban. Learn about this costly default. […]
BBL Blaggers
10-Year Ban for £50k Bounce Back Loan Spending Spree
A director’s cash withdrawals and lavish spending of a £50,000 Barclays Bounce Back Loan on restaurants and hotels led to a 10-year ban. Uncover this reckless misuse. […]