
Here is another case of misuse of a Bounce Back Loan that resulted in an 11 year Bankruptcy Restrictions Order. […]
Here is a case from Northern Ireland involving a £50k Barclays Bounce Back Loan […]
Here is the tale of another Santander Bounce Back Loan that was not repaid but may soon be thanks to the Interim Charging Order the Liquidators Solicitor has secured in Court. […]
The Company Director named in this case is starting a 10 year ban today for the BBL wrongdoing listed. […]
This is the case of a £50,000 Metro Bank Bounce Back Loan, and as you will see the Director agreed to a final settlement of just £10,000 and a 10 year ban. […]
Here is the overview of this wayward £50,000 that was not repaid, resulting in a 10 year bank for the Director named. […]
If you are worried about taking the Liquidation or Bankruptcy route with a BBL owing or have done so and are now being chased for a settlement figure and/or threatened with a Director Disqualification for alleged BBL Abuse or have any type of Bounce Back Loan repayment worries, or you have defaulted and it’s all gone quiet, and you are wondering what they are planning to do to you next, give my helpline a call. There are way too many shady, dodgy and rip off Insolvency Practitioners out there, many of whom have been struck off or sanctioned for misconduct, and you and your creditors need to avoid being ripped off.
Being a Company Director does of course come with a lot of responsibility. However, due to current financial landscape, many such business owners who took out a Bounce Back Loan are facing great difficulties in […]
Whilst some £5,573,110,000 of the £46,628,120,000 lent out via the Bounce Back Loan Scheme has been fully repaid by borrowers, the arrears and defaults figures are off the charts. You will find a Lender by […]
It is often at the point in time when those who have been unable to repay a Bounce Back Loan receive official letters, from their BBL Lender, their BBL Lenders nominated debt collector or worst […]
My BBL helpline has been a lifeline for a great many people, and since June 2022 when it went live I have taken over 7000 calls. If you are in a dark place with any type of Bounce Back Loan related worries then give me a bell. Please help me continue offering the service by making a donation here >https://fundrazr.com/12BBn6 or alternatively subscribe to the website here > https://mrbounceback.com/membership-join/ Thank You.
The Government Have Been in Touch with Me About the Ping-Pong and Limbo-Land Many People are Experiencing with the Department for Trade Block Strike Offs When a Company Has a Bounce Back Loan Owing – Read Their Response Here > https://mrbounceback.com/the-government-have-just-been-in-touch-with-me/
Whilst allowances can and are sometimes made to anyone who broke a minor rule of the Bounce Back Loan scheme, some people did of course set out to scam the scheme from the start. There […]
Those applying for a Bounce Back Loan from May the 4th 2020 onwards when the scheme went live, did have to try, and make sense of the rules of the scheme, which in the middle […]
It has always been a subject that the Government liked to shy away from, however they have finally woken up and smelt the coffee and are now promising action to stop rogue Insolvency Practitioner Firms […]
One thing that was certainly a problem for a lot of Sole Traders when they wanted to apply for and get a Bounce Back Loan for their business, was finding a Lender that would allow […]
I hope you are finding my articles giving you an insight into the British Business Banks Top 10 Fraud Risks associated with the Bounce Back Loan Scheme of interest, if not eye opening. You will […]
The speed at which Bounce Back Loan Lenders fired out the cash when that scheme was live for applications was impressive, however that did enable plenty of fraudsters to take advantage of the need for […]
I am working through the top 10 fraud risks associated with the Bounce Back Loan scheme as identified by the British Business Bank. The second highest risk to that scheme in their opinion was applications […]
That magical ping on your banking app letting you know that your Bounce Back Loan had appeared in your bank account may seem like a distant memory now, but for some people that ping was […]
The British Business Bank, having expressed their concern of the fraud risks associated with launching the Bounce Back Loan scheme in their Reservation Notice to Ministers days before the scheme went live, were of course […]
Discounts and partial write-offs are being offered to some BBL defaulters, as well as speedier defaults take a look at the following articles for details >> The Final Nail in the Bounce Back Loan Coffin? – Read and Digest This Letter Offering “Substantial Discounts” to BBL Defaulters! Why Repay a BBL in Full When They Will Offer You Such a Deal? >> Some Bounce Back Loan Lenders Are Happy To Speed Up The Default Process To Save BBL Borrowers the Agony of the Usual Three Month Missed Repayment Default Wait
If you are in Bounce Back Loan arrears, or possibly in default, or you are heading that way, you are not alone. In fact the figures that are now being released every few months show plenty of people are behind with their repayments or cannot repay those loans. For a detailed overview of how each lender is handling all aspects of arrears and defaults and how many they currently have going through the guarantee claim system and how many guarantees payments have been paid out to them, along with some shocking examples of fraud uncovered take a look at this section of the website and look your lender up. > https://mrbounceback.com/category/league-of-shame/
When the Insolvency Service sink their teeth into your leg, they rarely let go and will happily slap you with a long disqualification and compensation order if you take the Insolvency route when they are told you committed wrongdoing when applying for and/or when you spent that BBL. Take a look at around 1500 such cases here > https://mrbounceback.com/category/the-disqualification-files/
All Lenders have been told to ensure anybody who is vulnerable is treated very, very fairly when it comes to BBL arrears and defaults. Lets’ face it they should do, as the Government did tell you to close/suspend your business, not go outside or you could die and then dangled £50k loans in front of those business owners they had put the fear of God into, many who were understandably vulnerable at the time. Need a Chat? Give me a bell > https://mrbounceback.com/my-bounce-back-loan-helpline-open-every-day-of-the-week-4am-to-4pm/
Anyone who took out a Bounce Back Loan then dissolved their Company without telling Creditors, such as the BBL Lender, with the intention of getting out of repaying the BBL should be worried, as case after case are now going before the courts and plenty of people are being found guilty and are being locked up.
Never, ever forget, it was the Government who told you to close/suspend your business, then filled your heads with stories of how going outside could lead to your death due to the “pandemic” then as you sat there with your business devastated, and in most cases, in a very, very vulnerable state, dangled a huge £50k loan before your eyes, with no credit checks and no affordability checks.
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