News Ticker
February 26, 2024

My 12 hours a day, 7 days a week BBL Helpline is funded by website subscribers and those who kindly make a donation. If you can afford to help contribute, it would be most appreciated, and will allow me to continue to be there for those in a dark place and keeping you updated on the never-ending saga that is the Bounce Back Loan scheme! - Thanks for your support - Mike.

You have nothing to fear about being unable to afford to repay your Bounce Back Loan, the number of people who did no wrong and are being chased after the recoveries process has ended is ZERO. Just make sure you follow the rules and you will be fine moving forward. My helpline is available 7 days a week if you do have any BBL related worries or concerns, and it is me you will talk to. – Mike

As part of a pilot scheme, Barclays have so far gone to the High Court to get wound up around 120 Companies who blagged/scammed them out of, or never repaid a Bounce Back Loan, which means they then force the hand of the Directors of those Companies, which opens the door for the appointed Liquidator to pursue their personal assets for repayment. Above are the ones I have so far tracked and reported on that were successful by way of a Director Disqualification and Compensation Orders etc being awarded. They have just been given the greenlight to pursue more Directors due to the success of that pilot, and one other Lender is about to start doing so having signed up to the Bounce Back Loan “Bounty Hunter” Service which Lord Agnew is the face of. You will also find full details of those BBL Bounty Hunters and what they do, in some of the articles listed up above and in this section of the website > https://mrbounceback.com/category/winding-up-orders/

They are locking up Bounce Back Loan blaggers, and above you will see all cases in which one or more people were taken to court for BBL wrongdoing and ended up getting sentenced. Whilst you will find a range of different cases, a fair number of them relate to applying for and getting a LTD Company struck off after getting, then pocketing a Bounce Back Loan without telling Creditors. That is of course why all attempts to strike off a Company with a BBL owing now gets blocked, unless the bank tells the Government you are vulnerable and they are not pursuing the debt.

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/

BBL Blaggers

Extra Support

Extra Support

Does Your Ltd Company Have an Unaffordable Bounce Back Loan and You Cannot Afford to Take the Insolvency Route? Can You Not Get Your Company Dissolved/Struck Off As It Is Blocked by the Department of Trade As There is a BBL Still Owing? – There is a Solution

Actions have consequences, and one of the consequences of the Government changing the law to allow them to block any attempt at getting a LTD Company Dissolved/Struck Off when it has a Bounce Back Loan still owing, is that there are now literally […]

In my role as Mr Bounce Back helping everyone navigate the endless madness that is the Bounce Back Loan Scheme over the last 3+ years, I have had the privilege of chatting to and meeting professionals from all business sectors, and many of them will be more than happy to chat to you and advise you on a range of topics which do cause great concern and worries for business owners. Such as those listed above.

Must Read

Must Read

The “Covid-19 Loan Schemes Fraud Analytics Programme” Detects £99,476,014 By Using Government Data to Identify Fraud in the Bounce Back Loan Scheme and Companies with £40,509,531 in BBLs Have Been Blocked From Being Removed from the Companies Register

Here is a news update from the Public Sector Fraud Authority, who are giddy with excitement that their new counter fraud team saves taxpayers £311 million in first twelve months, beating target by more than […]

BBL Defaulter Discounts

Covid Corruption Commissioner

Covid Corruption Commissioner

National Audit Office Figures Reveal If Rachel Reeves Proposed “Covid Corruption Commissioner” Instructs the Dedicated BBL “Door-Kicking” Police Department (NATIS) to Investigate Just Suspected BBL Fraud Cases It Will Take them Over 1,088 Years

Whilst the Shadow Chancellor Rachel Reeves may have good intentions with her proposed Covid Corruption Commissioner, if Labour win the next General Election, whose task she says will be investigating all manner of financial skulduggery […]

Covid Corruption Commissioner

Rachel Reeves to Announce a New Covid Corruption Commissioner If Labour Win the Next Election to Go After All Manner of Abuse of the Public Purse During the Pandemic Such as Eat Out to Help Out Scheme Abusers, Council Business Grants Blaggers and Bounce Back Loan Scammers

If you got a Bounce Back Loan, a Council issued Business Grant during the pandemic or even money from the Eat Out to Help Out (EOTHO) Scheme, but committed any form of wrongdoing, such as […]

Covid Corruption Commissioner

The Princess of Wales Family Targeted by Vigilante Action – The Very Thing I Wrote to Government Committees to Warn of in March 2022 – Rachel Reeves Needs to Tread Carefully With Her Covid Corruption Commissioner So Innocents Are Not Attacked in the Street

I wrote about the very real possibility of vigilante action taken against those with a Government backed loans quite a while ago, and even expressed my concerns to several Government Departments. The receipt of one […]

If you diddled a Local Council Business Grant during the pandemic or fiddled the figures on your Eat Out to Help Out claim form, or even pulled any stunts when applying for or when spending your Bounce Back Loan, you will be hoping Labour do not win the next General Election, for Rachel Reeves currently the Shadow Chancellor is hinting, if Labour do win, she will be taking on a new Covid Corruption Commissioner to track you down and get taxpayers money back.

Abusive Partners and BBLs

Abusive Partners

Another Lady Reaches out to the Ombudsman and Explains Her Abusive Ex-Partner Applied for a BBL in Her Name – Ombudsman Says Report Him to the Police and Lloyds Bank Will Not Pursue the Money from You. Will She Be Safe If She Does?

I have covered upsetting cases like this before as you will see via the links to those cases. Ultimately the Ombudsman states the BBL Lender, Lloyds Bank, will back off chasing her for the BBL funds if she goes to the police. One has to worry about her safety if she does.  […]

The Juicy Bits

Special Reports

Latest News

Worth a Read

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/

BBL Wrongdoing

BBL Wrongdoing

Company Liquidation With a Bounce Back Loan Owing – Examples of Directors Found to Have Abused the BBL Scheme and Punished for “Turnover Misstatement” As Predicated By The British Business Bank On Their Top 10 Fraud Risks Analysis and Those Facing No Further Action

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 […]

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/

Take a Look

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/

Popular

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.