October 2021 – Page 2 – Mr Bounce Back – Bounce Back Loan News – Updates

Can You Try to Get Your Bounce Back Loan Written Off or Reduced in Value? Tonight, You Will Discover a New Legal Route That is Now Open To You

October 28, 2021

I have always known deep down, as I am confident that you have, that there would come a time when a legal firm took a close look at the Bounce Back Loan scheme, and the […]

Another Barclays Bank BBL Turns Sour Resulting in a 6 Year Disqualification for a Company Director Taking the Insolvency Route

October 28, 2021

I am hoping one day so to see a decline in Company Directors being hit with long disqualifications now that there is a legal route to take to challenge Bounce Back Loans, however until that day arrives here is another case in which a 6 Year disqualification has been handed out. […]

Over-Egging Turnover and Using Lloyds Bank BBL Funds for Personal Benefit Results in Another Company Director Being Hit with a 6 Year Disqualification

October 26, 2021

I do recall one of the bosses of Lloyds Bank being quite smug in a Commons Treasury Committee meeting and telling MPs firing questions at him about the BBL scheme, that due to his bank only accepting their own customers for Bounce Back Loans, and not opening up the scheme to new customers, the number of dodgy loans issued by his bank would be low, that has proven not to be the case. […]

As Suspected the Recovery Loan Scheme Has Failed Many SMEs with on Average Just One Single RLS Drawn Down Per Lender Per Week

October 26, 2021

Having obviously been given a talking to, the British Business Bank (BBB) finally got around to releasing the Recovery Loan figures yesterday, and knowing they would make for grim reading the Government opted to leave […]

6 Year Disqualification for Leaving Liquidator Unable to Determine if ATM and Over the Counter Cash Withdrawals of BBL Funds Were for Personal Benefit or for the Benefit of the Business and 9 Year Disqualification for Securing a BBL When Business Had Ceased Trading and Was Insolvent

October 25, 2021

Another two Bounce Back Loans worth a total of £80,000 have gone sour resulting in two business owners being slapped with a 6 and 9 year disqualification respectively. The reasons for those disqualifications follow the same pattern as many others, that being the business owners could not prove […]

Government Commissions Company Employing Ex-Mi5 Head Jonathan Douglas Evans as An Advisor to Track Down Bounce Back Loan Wrongdoers – Read the Contract

October 24, 2021

Who would have thought when Rishi Sunak launched his Bounce Back Loan scheme along with the CBILS, CLBILS and Future Fund schemes, he would have to turn to a company that counts an ex-Director General of Mi5 on its payroll to try and sniff out potential fraudsters of those schemes, well that is what he is doing, and here is the contract awarded to that company. […]

Another £25,000 BBL Turns Sour Resulting in a 5 Year BRO and the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill “Committee Stage” Scheduled for the 10th November 2021.

October 23, 2021

Just a quick update today for those of you interested in the progress of the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill that is currently making its way through Parliament, the next […]

Capital on Tap Issued BBL Goes Sour with Company Director Hit with a 5 Year 6 Months Disqualification for Using His Bounce Back Loan Funds for Personal Benefit

October 22, 2021

Even though Capital on Tap decided that they would only offer Bounce Back Loans to their own customers, that hasn’t led to them being immune from those BBLs going sour, and here is an overview of one Company Director that has been hit with a 5 and a half year disqualification for among other things, using his BBL for personal benefit. […]

Newspapers Start Splashing Faces of BBL Wrongdoers Across the Pages of their Publications – Do Not Panic If You Have Done Nothing Wrong

October 22, 2021

My inbox lit up yesterday with messages from 100’s of people worried about repaying their Bounce Back Loans, as some newspapers have started to name and shame and put up photos of those that have […]

Lord Sikka Reveals Corrupt Insolvency Practitioners, Insolvency Service Problems, Companies House and Italian Mafia Bosses and Loopholes in the Supposed Loophole Closing Bill That Aims to Hit Company Directors Hard for Bounce Back Loan Wrongdoing

October 21, 2021

On the day the Coronavirus Act was extended, the “Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill” was up for debate in the House of Lords, and it turned out to be a somewhat lively and revealing debate with Lord Sikka letting rip and referencing, amongst other things the Italian Mafia and loopholes the Bill does not apparently close. […]

Month: October 2021