BBL Helpline – I am here from 4am to 4pm, 7 days a week as I have been since the 4th of May 2020, so if you need a chat about your Bounce Back Loan, call me on the Helpline. Due to the BBL Voluntary Repayment Scheme, I am taking a high number of calls at present, so if the line just rings out, I am chatting to someone else, but I do have call waiting and can see you calling and will return your call once I have finished the current call.
Subscribers: Please check out my Daily Updates page, on which you will find feedback from others who have made use of the BBL Voluntary Repayment Scheme and plenty of additional relevant up to the minute information too. Newbies: Have a good look around the website, if its Bounce Back Loan news or information you are seeking, you will find what you are looking for spread throughout the 5000+ pages of this site
I am aware of some groups of people being denied access to the BBL Voluntary Payment Scheme. I am making urgent representations directly to the Covid Corruption Fraud Commissioner so he can address those in such a position who have contacted me. Many of them fall into a category I did warn him about. Failing to address this will make this initiative completely two tier and fake. Subscribers accessing my BBL Voluntary Payment Scheme Daily Updates page are aware of this situation, and anyone else in such a situation feel free to contact me. If you are not a Subscriber, have the peace of mind in knowing I am battling for you and ensuring fair play.
For many years now the Cabinet Office have been working out, through data matching and bank reports, who blagged a BBL. Obviously blocking Company Strike Offs for years created a huge backlog of cases, as the number of blaggers that took that route is off the charts. They are now aiming to clear that backlog and I have proposed a solution which will allow for those genuine Directors who legitimately took that route to get/have the Strike Offs unblocked.
The Committee of Public Accounts via their Twenty-Seventh to the Thirty-Fourth reports from Session 2024-25 presented to Parliament by the Exchequer Secretary to the Treasury by Command of His Majesty, have today given the Government One Year to get back to them with a definitive overview of how much they have recovered via the “BBL Summer of Love – BBL Winter of Regret” initiative (as I have called it), that will see, amongst others, the Insolvency Service vigorously going after BBL Blaggers.
Update: “BBL Summer of Love”: The summer of 2025 will be your last chance to do the right thing and put all your Bounce Back Loan demons behind you, with no questions asked. Failure to do so may just see you being rounded up, and even locked up in the “BBL Winter of Regret” When the Public Authorities (Fraud, Error and Recovery) Bill Gets Royal Assent, at which point Civil Servants will be able to extract funds directly from your bank account(s) if they “reasonably believe” that money is owed to the taxpayer. – More on that soon…… My Bounce Back Loan helpline is open daily between 4am until 4pm as it’s always been, if you need a chat.
As you will have seen in recent news reports, there are some shocking names, including a serving MP on the Bounce Back Loan naughty list, as I revealed a year ago on my Twitter feed, and over 150 FCA-authorised firms have also got a marker for suspected BBL wrongdoing, hence why the BBL Summer of Love makes sense and allows everyone who made a mistake and accidentally blagged a BBL (or otherwise) to set up an affordable repayment plan and move on, without having to look over their shoulder forever.
Below are the Government’s Policy Papers relating to the Public Authorities (Fraud, Error and Recovery) Bill, please give them a good read through, as you will discover what is being planned, in the “BBL Winter of Regret” once it becomes law for those who did blag a Bounce Back Loan if they fail to do the right thing (set up an affordable repayment plan) during the “BBL Summer of Love”
“The Bill contains measures to provide the PSFA with the power to recover debt in relation to funds that a public authority is entitled to recover and which, following a PSFA investigation into suspected fraud, were obtained fraudulently or through error. The PSFA will initially seek voluntary repayment of debts through affordable and sustainable repayment plans.“
If you ever find yourself being dragged to court for Bounce Back Loan wrongdoing and are faced with being banned as a Director, and/or a Compensation Order or worse, then you may find the above articles of great interest. Each of them relate to real life BBL court cases and you will discover what the Judge overseeing each case had to say about them, and how he or she arrived at their outcome.
Several dastardly schemes are currently in operation behind the scenes, by several Government Departments to root out BBL fraud and abuse, as you can see above and below. So play by the Arrears and Default rules and you will be fine.
