As the clock ticks down to midnight tonight, whatever you have planned I wish you a Happy New Year and here’s hoping things get back to some form of normality for everyone in 2022. Today I present to you another Bounce Back Loan related Ombudsman complaint which was not upheld. […]
If you have been following the never ending saga that is my complaint about the way the Bounce Back Loan scheme is being mismanaged and all the problems being experienced, I have an update for you as last night HM Treasury finally got around to answering my last letter, and here is their reply to that letter. […]
The New Year is fast approaching, and sadly one thing that we can be guaranteed of in these uncertain times is an increase in the number of Bounce Back Loans that turn sour. Here is another case of a £50k BBL, this time a Lloyds Bank one that will be sent over to the Government and in turn us to pay back. […]
As we are still in the “quiet zone” between Christmas and the New Year, today I will be giving you an insight into another Bounce Back Loan related complaint that the Financial Ombudsman Service initially did not uphold, but after an appeal increased the level of compensation the bank, this time Barclays were required to pay out. […]
Today is the 28th of December 2021 and I am somewhat gobsmacked that the Government, at the time of writing this news update (6am), have not made public on the Government website any official statement on their decision not to impose any additional restrictions or a decision on such, on English businesses before the New Year, that would have been the decent thing to do, instead of wheeling out Sajid Javid to make a quick announcement on the news which many SMEs may have missed. […]
Today’s case of a Company Director getting a 5-year disqualification when winding up his business, involves a Local Council Covid Business Grant which is the first time I have seen one listed as part of the reason for that long disqualification. […]
Yorkshire Bank appear to be telling those unable to repay their bbl, either the interest only or the full repayment amount they will default you after 90 days and then a month later will claim on the guarantee and try and offer a repayment plan at that point. As you will see from the reply from that bank […]
A couple more cases of Bounce Back Loan wrongdoing to report today, both of the Sole Traders featured ended up with a Bankruptcy Restrictions Order for using their Bounce Back Loans for personal benefit and not for the economic benefit of their business. […]
As I mentioned the other day, the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act has received Royal Assent and that now gives Kwasi Kwarteng the Business Secretary the power to start putting in compensation […]
Two men who headed up an international criminal network responsible for laundering £70 million, £10m of which came from fraudulent Bounce Back Loans, have been jailed for a total of 33 years. […]
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