
As you will read, Ahmad’s company wasn’t entitled to a BBL of any value. […]
Read on for the background of this case and to view the Winding Up Orders. […]
You will always get found out if you take the Personal Bankruptcy route or the Liquidation route after blagging a BBL, as Maqsood discovered. […]
Take a look at the daily updates which includes Ombudsman BBL complaints and outcomes, in-depth details of everyone banned as Company Directors or given Bankruptcy Restriction Orders as Sole Traders and any updates and new scandals related to the BBL scheme, visit the Today’s News section of the website, and for the juicier stuff, head on over to the Subscriber Special Reports section.
The lender’s already sent the first stern letter, but the loan is 100% government-backed, so they’ll claim it from the Treasury, not my empty pockets. […]
The business is leaner now, scrappier, but it’s alive. The Bounce Back Loan was a rope when I needed it, but cutting it loose was what saved me. […]
Every three months, I know Simon or someone like him will call, and I’ll say the same thing: “No, love, I can’t pay” and they’ll be fine with it. […]
Many callers to the BBL Helpline are happy for me to put their Bounce Back Loan default journey out there, and as such I will, with their permission, do just that moving forward. Feel free to read their stories, and for reference I have anonymised each of them. If you want your story to be published let me know when calling.
Based on his behaviour in relation to the Bounce Back Loan, I find that the former Traffic Commissioner’s characterisation of this applicant still holds true. […]
“Having considered all of these points, it seems to me that this is not an appropriate case in which to make a compensation order.” […]
“The BBL Scheme is now a familiar concept, having been the subject of several judgments within this jurisdiction.” […]
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.
As nobody in Government showed any real interest in helping people make sense of the Bounce Back Loan scheme, from applying to repaying and even seeking extra help with repayments or defaulting, I set about doing do myself. Feel free to watch some of my video exploits of doing so, including, but not limited to, visiting and interviewing the British Business Bank and a representative of 28 BBL Lenders and NatWest, and also my many TV and Radio appearances. The things I do for you lot!
Bank of Ireland (UK) Plc had a BBL drawdown value […]
Danske Bank had a BBL drawdown value of £279.18m, and […]
Close Brothers Ltd had a BBL drawdown value of £2.26m, […]
BBL Stats: The latest Bounce Back Loan figures released on the 28th of February 2025 show that a total of £10,479,860,000.00 (£10.4billion) has been paid back to lenders via the Government Guarantee and 465,248 BBL’s have either been defaulted or are on the way to default. You can deep dive the current figures itemised by BBL Lender by Clicking Here. As always, just play the game alongside your Lender, who, as you will see by the figures, is also playing the game, and you will be fine defaulting on an unaffordable BBL. Give me a call if you need a chat, over 18,000 people have over the last few years:
In my never ending quest to ensure those genuine, hardworking […]
This case came to light not long after Tom Hayhoe, the Covid Corruption Commissioner started in that role, which a Government source told me “piqued his interest”. […]
“Reeves will likely deny any guarantee pullbacks,” predicted a source. “She’ll want the money, but not at the cost of derailing housing or export deals.” […]
As the Covid Corruption Commissioner is working away in the background until his contract expires in December 2025, you will find all relevant updates on how he is progressing, regarding Bounce Back Loans by checking out this section of the website. Above are just a few of those latest updates.
So there are some limitations on that, Bounce Back Loans as I say are unsecured and you know they will be treated as unsecured debt in the recoveries process […]
It is true to say the rules of the Bounce Back Loan Scheme were rather confusing for many people. However, with the risk of them having their BBL Government Guarantees yanked, if a Lender suspects, or knows that you blagged a BBL from them, they will do whatever it takes to get their money back from you. […]
I have spotted some more companies being taken to the High Court by Barclays […]
The council, which declared effective bankruptcy in 2023, has struggled to resolve the deadlock, with Rayner insisting the Tory legacy of cuts is to blame. […]
The hearing, presided over by Dame Victoria Sharp, Lord Justice Newey, and Mr Justice Chamberlain, is set to conclude on Thursday, April 3. […]
The US State Department’s statement, issued late Sunday, underscored a “mutual respect for human rights” between the two nations. […]
As the current Labour Government are proving to be as popular as a fart in a lift, check out the “Politics” section of the website, which will keep track of the ups and downs of Keir Starmer and his motley crew of MP’s, Government Ministers and the opposition Parties. > https://mrbounceback.com/category/politics/
There is a very defaulter friendly system in place when it comes to Bounce Back Loans, and most Lenders will push you to default if you tell them you are skint and cannot repay your BBL. Some will even speed up the default process if its affecting your mental wellbeing. Once you do default the magic happens for you and the Lender, they get their money back from the Government Guarantee and you can then repay any affordable amount each month, which could be just £1 per month, or you could be offered a BBL defaulter discount worth as much as 98p in the £1, or just ride out the 12 month recovery process, as that is when most Lenders give up the recovery process.
Barclays were, until just a few weeks ago, the only BBL Lender enforcing BBL Debts. But now, Starling Bank, Lloyds Bank and NatWest Bank have started to do so. However, they are only doing so if defaulters fit the very strict criteria for enforcement. The articles above will enlighten you on what that criteria is, and whether you should be worried about any of those Lenders heading to the High Court with a Winding Up Petition against your Company, and if they do, they will often sell the debt to “BBL Bounty Hunters”, those being Litigation Funders who will then pursue you personally for the debt, in exchange for a hefty percentage of the money they recover from you by selling off all your personal assets.
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.
Here is the current version of the Bounce Back Loan Guarantee Portal Manual for Bounce Back Loans […]
Here the current version of the Bounce Back Loan Guarantee Portal Manual for Arrears, Claims and Recoveries. […]
Bounce Back Loan Scheme Term Loan Lender Manual […]
Above you will find the various manuals for BBL Lenders and each one will show you just information is disclosed to the Government regarding BBL arrears and defaults and also what Lenders report when claiming on the BBL Guarantee. That information will also be available to the Covid Corruption Commissioner when he or she takes office and finally decides what to do, if anything, to those who Lenders suspect blagged a Bounce Back Loan from them.
Read the story of how Adam Lennard inflated the turnover of his […]
Here we have another Indian takeaway owner who used the funds from a Covid Bounce Back Loan for his own personal gain […]
A cunning manipulator operating within the […]
Worried that you may be locked up for something you did wrong when applying for a Bounce Back Loan or when spending a BBL? Well, be aware that there will be in increased chance of you being hauled before a Judge after November 2025, and for details of why and more, head on over and read this Subscriber Special news article (click/tap to view) >> An Insight Into Why, When and How You Will Be Prosecuted for Bounce Back Loan Related Wrongdoing
Whilst I can help you with most aspects of your Bounce Back Loan “journey”, and actively encourage you to call me on my helpline if you need a chat, sometimes you may need some extra help, such as from a team of legal experts. If you are being hounded about a BBL by the Insolvency Service for example, after taking the insolvency route with your Company or are being messed about by your Lender, or even have the National Investigation Service demanding a meeting in a local police station for alleged BBL wrongdoing, then give Complex Law a call, they know their stuff and will get your sorted, tell them Mike sent you.
Sometimes I have to pinch myself when researching my daily news articles and investigating BBL skulduggery, often by Lenders and those involved in the design of the scheme, for without fail every week and often every day, something is uncovered relating to the Bounce Back Loan scheme that has me believing I am dreaming it all. Do have a good look around the website, for you too may think you are dreaming with some of the crazy things that have cropped up with that scheme over the years and continue to do so.
Has your LTD Company Strike-Off been blocked, due to an unpaid Bounce Back Loan? Don’t get hit with late submission fees, don’t ignore your responsibilities as a Company Director, and don’t risk getting hauled before a court and getting jailed for falling foul of Section 1006 of the Companies Act 2006. Have a word with Marchford who can help you navigate taking the Strike-Off/Dissolution route with a Company with an unpaid BBL, and can help you unwind any mess your have got your LTD Company in.
Serbia provides a backdrop where digital nomads can thrive both professionally and personally. […]
The Czech Republic provides a backdrop for a fulfilling nomadic life. […]
Cyprus provides a unique opportunity for digital nomads to work in an environment where ancient history meets modern life. […]
Many business owners have told me they have either left the UK or want to, and if you are thinking of jacking it all in and moving abroad, there is always the possibility of becoming a Digital Nomad. A Digital Nomad is an individual who leverages technology to perform their job remotely, allowing them to live a lifestyle of travel and mobility. For more information check out some of my country specific guides > https://mrbounceback.com/category/digital-nomads/
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