2021 - Page 38 of 132 - Mr Bounce Back - Bounce Back Loan News - Updates

The Office of the Parliamentary Counsel Confirm Royal Assent Can Be Used to Backdate a Bill/Act But Refuse to Answer Further Questions About an Error They Seemingly Made Regarding BBL Legislation

September 2, 2021

I contacted the team of Government lawyers whose job it is to draft, clear, effective, and readable law, as I had some questions about the way the Bounce Back Loan scheme was launched including the removal of legal rights for those applying for those loans, and the glaringly big “error” they apparently made when drafting that questionable legislation. […]

Recovery Loan Lender Goes Quiet When Challenged on Their Ability to Approve Those Declined by the Big Banks – Why Not Give Them a Try If You Have Been Declined and See If They Deliver

September 1, 2021

My attention was drawn yesterday to one Recovery Loan lender that follows me on Twitter and claims on their website that they can support your business even if “your application to RLS has been rejected by a traditional high street lender (for example, a bank)”, have I found the Holy Grail of RLS lenders or is it […]

Rating and Directors Disqualification Bill – Report Stage: Sitting 9 September 2021 – Plugging the Legal Loophole to Stop Company Directors Evading their Responsibility to Repay Bounce Back Loans

August 31, 2021

It is on the 9th of September that the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill reaches its Reporting Stage in the House of Commons, and the policy objective is to plug the legal loophole that exists in the […]

Company Director Uses Over £39k of a £50k Bounce Back Loan to Settle a Personal Loan and Upon Liquidation is Hit With a 7 Year Disqualification

August 30, 2021

The Insolvency Service does not like it when someone winds up their business and it comes to light a Bounce Back Loan was taken out in the name of the business but was not used for the economic benefit of that business, and one Company Director has just been hit with a […]

If You Have a Bounce Back Loan Off the Cooperative Bank You Cannot Borrow Money from Anyone Else Unless They Say You Can in Writing, In Fact Any BBL Lender Can Do Anything a Court Would Deem Unfair

August 29, 2021

I have previously told you how committing a crime such as dropping litter could be classed as an Event of Default with Starling Bank, well I am sure many of you are unaware that Cooperative Banks’ BBL terms state only they can lend you money whilst you have a BBL unless they give permission in writing. Anything a court would deem unfair is legally permitted. […]