
Sole Traders Face Bankruptcy Orders for Bounce Back Loan Misuse

A Keighley director who claimed a £2 million turnover—when it was just £82,448—to blag a £50,000 HSBC Bounce Back Loan faces a 10-year ban. Dive into this massive financial exaggeration. […]
A Coalville director began an 11-year directorship ban after exaggerating turnover to secure a Barclays Bounce Back Loan. The company was wound up in the High Court by Barclays, and the loan claim was sold to debt collectors now pursuing the director. […]
Audrius Karciauskas, director of West Transto Limited, has been banned for 10 years for claiming a £250,000 turnover, when it was £36,802, to secure a Barclays Bounce Back Loan. The ban follows an insolvency practitioner’s investigation. […]
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