January 2022 - Page 10 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

Another Quite Lenient 4 Year Disqualification Handed Out for Using a Barclays Bank Bounce Back Loan for the Benefit of the Directors of a Business Instead of the Benefit of the Business Which By The Way Was Insolvent

January 5, 2022

Here is a case that resulted in a Company Director getting just a 4 year disqualification for applying for a Bounce Back Loan when his business was insolvent, and also using the BBL funds for the benefit of the Directors of that business instead of the intended purpose, that being for the benefit of the business. […]

Insolvency Service Slaps a Company Director with a 9 Year Disqualification for Applying for and Getting a Bounce Back Loan When His Business Seemingly Was NOT Adversely Affected During the Pandemic

January 5, 2022

Having seen plenty of Insolvency cases that ended up with a Company Director being hit with a disqualification for wrongdoing associated with a Bounce Back Loan, today’s case is unusual in as much as it is the first time I have seen a disqualification handed out to a Director applying for and getting a BBL when his business was NOT adversely affected during the pandemic. […]

Here Is My Reply to HM Treasury Demanding a Face-to-Face Meeting To Expose the Loophole BBL Lenders are Using to Scam Their Way to the Government Guarantee on Bounce Back Loans to the Detriment of BBL Borrowers and Taxpayers

January 4, 2022

Dear HM Treasury

Many thanks for your letter dated the 29th of December 2021, and your second apology. […]

A 7 Year Disqualification for a Company Director Whose Actions Meant the Liquidator Was Unable to Verify How His Estimated Turnover Was Arrived At to Obtain a TSB Bounce Back Loan and Whether It Was Used For the Benefit of the Business

January 4, 2022

A TSB Bounce Back Loan has turned sour, resulting in a Company Director being slapped with a 7 year disqualification in the case I will outline below. […]

A Rather Lenient 5 Year Disqualification Handed Out to a Company Director Who Was Unable to Prove a Bounce Back Loan He Wasn’t Entitled To Was Used For the Benefit of the Business

January 4, 2022

There is currently no rhyme or reason to the disqualification lengths the Insolvency Service are dishing out for identical cases of BBL wrongdoing. This case involves a Company Director applying for, getting, and then using a Bounce Back Loan when he was not entitled to one and him being unable to prove that loan was used for the economic benefit of the business. […]