Marveen St’Clair Brown of Disco Retail Limited Banned for 8 Years for Concealing Bounce Back Loan Use
BBL Blaggers
Director Banned for 5 Years for Bounce Back Loan Misuse
A director faces a 5-year ban for transferring Bounce Back Loan funds to himself and a connected party, failing to use them for the company’s benefit, resulting in regulatory action. […]
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
Director Banned for 6 Years for Securing £50,000 Santander Bounce Back Loan for Insolvent Business
A director faces a six-year ban for securing a £50,000 Santander Bounce Back Loan for an insolvent business and using it for personal benefit. The disqualification reflects misuse of the government-backed Bounce Back Loan scheme. […]