Birmingham Director Banned for 11 Years for Falsifying Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan and Misusing Funds
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
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. […]
BBL Complaints Dismissed
HSBC, Barclays, TSB, NatWest, and Lloyds Bounce Back Loan Complaints Dismissed by Ombudsman
Complaints against HSBC, Barclays, TSB, NatWest, and Lloyds for Bounce Back Loan issues were dismissed by the Ombudsman, upholding the banks’ actions. […]