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The Complete Guide To Bounce Back Loan Forbearance, Arrears, Defaults, Collections and Recoveries – A Must Read If You Are Struggling to Repay, in Arrears or Have Received a Snatch Back Letter or a Demand For Full Repayment

I make no apologies for posting up the following guide, for I know first-hand just how difficult it is to make sense of how banks and lenders that are involved in the Bounce Back Loan scheme, are going to be handling, forbearance, defaults, arrears and just what you can expect if you are struggling to repay. In this guide I will be referencing and showing you documents that I have been sent from those who have experienced different aspects of the above too. […]

The Disqualification Files

NatWest Are Now Getting Well Versed In Claiming the Government Guarantee For BBLs That Have Gone Sour – Here is the Case of a Business Owner Who Liquidated Their Company But Used Most of their BBL for Personal Benefit and Not the Benefit of the Business

Disqualified for 6 years was the penalty given to the business owner featured in today’s case, who secured a NatWest BBL of £39,000 but upon liquidation of their business was found to have used £35,200 of that BBL for personal benefit and not the benefit of the business. […]

The Disqualification Files

HSBC Fires Off Another Guarantee Claim After a Company Director Wound Up Business After Bagging a £37,500 BBL When Turnover Indicates She Was Only Entitled To £8,800 and Used Most Of It For Personal Benefit

A 9 year disqualification has been handed out to a business owner who it was discovered massively over-egged their turnover and used most of a BBL for personal benefit and not the benefit of the business, here are the details of what marks the 101st case that I have listed on my BBL Default Tracker. […]

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Since June 2021 The Government Has Been Checking Business Turnover Figures From HMRC Data With The Turnover Figures Declared on Bounce Back Loan Applications

It will come as no surprise that the top “fraud” risk of the Bounce Back Loan scheme was the over-egging of turnover figures. In fact, it does appear to be more widespread than anyone could imagine. However, let us not forget that there was a great deal of confusion surrounding the turnover figure […]