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My Fireside Chat About Bounce Back Loans With Julia Hartley-Brewer on Talk Radio
Here is my Fireside Chat with Julia Hartley-Brewer on Talk Radio.
Year: 2021
Todays News
Sir Tom Scholar and Charles Roxburgh from HM Treasury Reveal There Is No Plan in Place Should Additional Support Be Needed for Any New Variants, Viruses or Lockdowns That Come Along and Any New Government Backed Business Loan Schemes Will Be Useless
Yesterday morning, I phoned HM Treasury asking them if the SEISS and Furlough back-end systems were still in place should they been needed again or had they been retired, and whether any plan was in […]
Todays News
Dame Angela Eagle MP Rips Into Sir Tom Scholar from HM Treasury About the Leaking of Information About the Budget That Could Help Ne’er-Do-Well’s Bag a Fortune With That Information
It was good to see Dame Angela Eagle MP (Labour MP for Wallasey) rip into Sir Tom Scholar yesterday and demand to know why information about Rishi Sunak’s Budgets are leaked to the press before […]
Todays News
£100k+ Pay-Offs, Huge Staff Turnover Rates and Extra Support Drafted In for an Increasing Number of HM Treasury Staff with Mental Health Issues – So Why No Extra Support for Those with Bounce Back Loans?
Not only are we soon going to be faced with even more SMEs facing insolvency or bankruptcy, due to them not being able to pay back their Bounce Back Loans or at the very least […]
The Disqualification Files
Company Director Blags Two £50k Bounce Back Loans for One Single Business and Along With His Failure to Keep and/or to Maintain Adequate Accounting Records Gets a 10 Year Disqualification
The rules of the Bounce Back Loan scheme stated that you could have as many BBL’s as you had eligible separate businesses, one for each business, as long as they were not part of a holding company at the top of the structure, in fact the record I am aware of is 36 BBLs to one multiple business owner. However, today’s case is regarding a Director who got two £50k BBLs for one single Business. […]
Todays News
Another Shameful Day in Parliament as Two Conservative MPs Proclaim Their Confidence in Boris Johnson Citing the BBL Scheme – As SMEs Panic Over First Repayment Day Fast Approaching
As Boris Johnson took to our television screens yesterday with another Downing Street briefing, many would say he did so as a distraction to the Opposition Day debate that was being played out in the […]
The Disqualification Files
Failing to Maintain and/or Deliver to the Liquidator Adequate Accounting Records to Prove Whether a Bounce Back Loan Was Used for the Benefit of a Business and Where Other Funds Went Lands Company Director with a 7 Year Disqualification
Many things will wind-up a liquidator, one of them being a business owner failing to keep and/or supply to them adequate accounting records, today’s case is one in which a 7 year disqualification has been handed out for those failings, and it does of course include a Bounce Back Loan, a Santander one […]
Premium Content
A Total of 65 People Have So Far Been Arrested for Alleged Government Backed Loan Fraud / Local Authority Grant Fraud with the Government Having Paid Out the Guarantee to Lenders on 155 BBLs and 113 CBILs “Suspected” Borrower Fraud Cases
Trying to make sense of who out and out defrauded the Bounce Back Loan and CBILs schemes, along with ripping off the Local Authority Business Grant schemes is going to take quite some time, however plenty of people have already been arrested for such crimes. So far a total of 65 people have been arrested for […]
The Disqualification Files
Settling a Personal Loan with the Proceeds of a Bounce Back Loan Amongst Other Things Leads to the Insolvency Service Handing Out a 7 Year Disqualification to a Company Director
You can expect a long disqualification if you are a Company Director and were found to have used a Bounce Back Loan for personal benefit and not the benefit of the business when winding up your business, the Director in today’s case was given a 7 year disqualification for among other things using a fair old chunk of a BBL to settle a personal loan. […]
The Disqualification Files
Insolvency Practitioner Warns Company Director His Business Appears Insolvent and Not to Do Anything to Worsen Position of Creditors – He Then Proceeds to Obtain a BBL and Uses it for Personal Benefit and Is Hit with a 7 Year Disqualification
Using a Bounce Back Loan for personal benefit and not for the benefit of the business has landed many a Company Director with a long disqualification when they then go on to wind-up their business, and today’s case involves a £50k BBL and a 7 year disqualification. On the 27 July 2020 […]