January 2022 - Page 6 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

Company Director Gets a 9 Year Disqualification for Failing To Deliver to the Liquidator a Set of Prepared Accounts to Allow Him to Ascertain if Funds From a £45k NatWest Bounce Back Loan Were Legitimately Used

January 20, 2022

All manner of tricks are being used to try and befuddle or at least frustrate the Liquidator from doing his or her job when it comes to winding up a business with a Bounce Back Loan owing, and today’s case saw one […]

Starling Bank Refuse to Recognise the Arguments of Frustration and Common Mistake to Offset from a Bounce Back Loan Losses Caused by the Pandemic

January 19, 2022

A quick news update, here is the initial response from Starling Bank to one of their customers who is challenging the legality of their Bounce Back Loan under the arguments of frustration and common mistake: […]

Financial Ombudsman Service Tell Me Arrogantly Their Staff “Are Aware of the Rules” Then in Typical Idiot Fashion Make a Shocking Error That Could According to the British Business Bank Could Cost a Business Dear

January 19, 2022

I put up a story the other day regarding a Financial Ombudsman Service decision in which it was stated that a business owner couldn’t prove their turnover for a BBL and […]

Ombudsman Decides a Company Director Did Transfer BBL Funds From His HSBC Bank Account Rather Than Him Being Victim of a Scam

January 18, 2022

I have a rather unusual case that the Financial Ombudsman Service have given a ruling on today, that being a Company Director claiming he was the victim of a bank scam in which Bounce Back Loan funds were transferred out of his account. […]

NatWest Snatch Back Two Bounce Back Loans from an SME – Ombudsman Says That The Bank Was Entitled to Do So But Makes a Glaring Error in Their Ruling

January 17, 2022

Having had two Bounce Back Loans snatched back by NatWest, a Company Director sent in a complaint to the Ombudsman which initially was not upheld by the caseworker tasked with ruling on the case. He then appeals that decision and Hayley the Ombudsman then reviews it and says the initial ruling stands. However, as you can see in the ruling, Hayley does make a glaring mistake […]