Year: 2021

The Disqualification Files

Two More SME’s Hit with 5 and 7 Year BRO’s One for Overstating Turnover When Applying for a Bounce Back Loan and Both of Them for Not Using Those Loans for the Benefit of Their Businesses

November 26, 2021

There was certainly plenty of confusion surrounding the supposed rules of Bounce Back Loan scheme, however when taking the Insolvency or Bankruptcy route with a BBL still owing many people have been slapped with a BRO or a Disqualification. The reasons for that […]

Back British Business

FOS Report Huge Drop in BBL Related Complaints – But They Are Expecting a Huge Increase Soon Due to SMEs Challenging Their Loans Hence Them Taking on More Staff to Deal with BBL Complaints

November 26, 2021

Having seen Bounce Back Loan complaints sent into them drop by 112, from 287 in Q1 down to just 175 complaints in Q2, the Financial Ombudsman Service (FOS) are expecting a huge increase moving forward and are making the required steps to cope with that demand. As more and more people challenge the legality of their Bounce Back Loans […]

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Premium Content

The Often Bumbling/Befuddled Tom Scholar From HM Treasury Was Once Again Forced To Sit Before The Public Accounts Committee and Answer a Slew of Bounce Back Loan Related Questions.

November 25, 2021

Whilst he once again buckled under pressure during a Public Accounts Committee Oral Evidence Session, at one stage struggling to remember the name of one of the Covid Loan schemes, I was able to gather some interesting facts and figures when listening to what Tom Scholar and his HM Treasury team had to say about BBLs. […]