Joint Directors Banned for 4 Years for Misusing Metro Bank Bounce Back Loan for Non-Business Purposes
BBL Blaggers
Three Sole Traders Face Lengthy Bankruptcy Restrictions for Bounce Back Loan Misuse
Three sole traders have been slapped with bankruptcy restriction orders lasting 7, 10, and 11 years for abusing the UK’s Bounce Back Loan scheme, designed to support businesses during the COVID-19 pandemic. The Insolvency Service uncovered that the individuals either overstated their business turnover to secure larger loans or misused funds for personal expenses, prompting severe penalties.
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BBL Blaggers
11-Year Bankruptcy Order for Manchester Bounce Back Loan Fraud
A Gorton, Manchester individual faces an 11-year bankruptcy restriction for securing an ineligible £50,000 Bounce Back Loan. Learn how this brazen fraud led to severe consequences. […]
BBL Blaggers
Thornton Heath Director Banned for 8 Years for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan
A Thornton Heath director has been disqualified for eight years for exaggerating the company’s turnover by nearly tenfold to obtain a £50,000 Barclays Bounce Back Loan. The ban, effective immediately, follows an investigation into the misuse of government-backed funds. […]