Detailed Guide to Bankruptcy and Debt Relief Restrictions for Sole Traders and Individuals, Including Bounce Back Loan Scheme Abuses
BBL Abuse Punishments
Zahid Afzal Receives Suspended Sentence and Community Service for Fraudulently Securing Extra Bounce Back Loans
Zahid Afzal, a businessman operating Phone Bits Ltd and Phones Onn Ltd, has been handed a two-year suspended prison sentence and ordered to complete 300 hours of unpaid work. The penalty comes after he was found guilty of fraudulently obtaining three additional Bounce Back Loans for his companies, exploiting the government scheme designed to support businesses during the pandemic. […]
BBL Blaggers
Director Clobbered with a 12-Year Ban for Blagging Starling and Co-Op BBLs with Dodgy Money Trail
A director’s banned 12 years for nabbing Starling and Co-Op BBLs with a sketchy money trail. See his dodge! […]
BBL Blaggers
8-Year Ban for Glasgow Pizzeria Boss’s £50k Bounce Back Loan Mystery
A Glasgow pizzeria boss who failed to keep records or explain the use of a £50,000 Co-Operative Bank Bounce Back Loan faces an 8-year ban. Dive into this case of missing financial transparency. […]