Here is the latest rollcall of Sole Traders who have been found to have committed some form of BBL related wrongdoing, and each of them have been given the highlighted length of Bankruptcy Restrictions Order.
8 Years BRO – Weymouth Sole Trader
On 22 September 2020, Gary Frank Watton (“Mr Watton”) overstated his annual turnover in order to obtain a government-backed Bounce Back Loan (“BBL”) of £20,000 which he was not fully entitled to and was not used wholly for the economic benefit of his business.
11 Years BRO – Peterborough Sole Trader
In May 2020, Sana Mahmood Khan (“Mrs Khan”) obtained a government backed bounce back loan (“BBL”) in the sum of £50,000 to which she was not entitled to, by overstating her estimated business turnover.
She then paid all £50,000 to one party for reasons which were not all to the economic benefit of her business, contrary to the terms of the loan.
She filed her own petition on 25 August 2022 with liabilities of £60,982. The outstanding BBL of £51,159.58 is the majority creditor.
11 Year BRO – Lincoln Sole Trader
In July 2020, Mr Corney applied for and received a Bounce Back Loan (“BBL”) in the sum of £50,000, which was not used in its entirety for the economic benefit of the business, in October 2020, he applied for a second BBL, in breach of the BBL terms and conditions and received £50,000 to which I was not entitled.
