February 2022 - Mr Bounce Back - Bounce Back Loan News - Updates

7 Year Disqualification Handed Down to a Company Director Who Got a NatWest Bounce Back Loan But Failed to Deliver to the Liquidator a Whole Host of Required Information When Winding Up His Company

February 28, 2022

A £37,000 NatWest Bounce Back Loan has turned sour in the case that I will be covering below, in which you will see the Liquidator has been left with their hands tied regarding several aspects of a company’s activities. […]

Company Director Who Fraudulently Applied for a £40k Barclays Bounce Back Loan Gets Slapped with a 10 Year Disqualification

February 28, 2022

Securing a £40,000 BBL when only entitled to get a Bounce Back Loan worth a maximum of £3,060 sees a Company Director hit with a huge 10 year disqualification. Here is an overview of that case. […]

Co-Directors Given 6 Year Disqualification For Using a £40k Santander Bounce Back Loan to Repay Personally Guaranteed Loans to the Benefit of the Directors

February 28, 2022

Another case here regarding wrongdoing associated with a Bounce Back Loan, that resulted in Co-Directors both being handed a 6 Year Disqualification. […]

Another 7 Year BRO Handed Out to a Sole Trader For Over-Egging Turnover To Get a Bounce Back Loan and Using It For Personal Benefit

February 28, 2022

If you have been keeping track of my BBL Defaults Tracker that lists the punishments handed out by the Insolvency Service for those taking the insolvency/bankruptcy route when they have a BBL still owing and are subsequently found to have done some form of wrongdoing, it has just increased by another £50k, as per the […]

Breakdown of the Data Related to the Number of Bounce Back Loans Currently in Arrears and Duplicate BBLs Issued

February 27, 2022

Baroness Buscombe is currently experiencing just how utterly useless the Department for Business, Energy, and Industrial Strategy (BEIS) are, for her question that she asked in the House of Lords to that department back on […]