February 2022 - Page 4 of 8 - Mr Bounce Back - Bounce Back Loan News - Updates

Bagging a Bounce Back Loan Top-Up by Mis Representation Lands a Sole Trader with an 8 Year BRO and Another Gets a 7 Year BRO for Using His BBL For Personal Benefit

February 19, 2022

A couple of sole traders have just been given 7-year and 8-year Bankruptcy Restriction Orders for wrongdoing with their Bounce Back Loans, here are the details of both of those cases. […]

Being Unable to Verify His Self-Declared Turnover Led to a Business Owner Having His Bounce Back Loan Snatched Back by Santander

February 18, 2022

With many people currently still being asked to provide all manner of additional information about their business by different banks, long after their BBL was approved and drawn down, today’s case is quite apt as it gives an insight into how the Ombudsman decided, in her opinion, Santander were right to snatch back a BBL from a Sole Trader who didn’t supply the requested information. For the record, even this week many people are reporting their banks are asking for additional information under the guise of “safeguarding” or ongoing “KYC”. If you […]

Insolvency Service Cannot Make Head Nor Tail of a Company’s Finances Including if a £30k NatWest BBL Was Used Legitimately So Slap Director With a 7 Year Disqualification

February 17, 2022

Today’s case shows you what happens if you put the Insolvency Service in a position whereby they cannot work out a businesses finances when its being wound up, and whether a Bounce Back Loan was legit. A seven-year disqualification was deemed a suitable punishment for this […]

Door-Kicking Bounce Back Loan Police Squad Appear in Dunmow and Ilford and Arrest Two People for Conspiracy to Commit Fraud and Money Laundering Offences

February 16, 2022

Two more being have been bundled off by the Bounce Back Loan police squad, this time over in Ilford and Dunmow. […]

4, 6 and 8 Year Disqualifications Handed Out to Three Company Directors As Another £150,000 in Bounce Back Loans Turn Sour

February 16, 2022

Today’s three cases, which saw £150k in BBLs turning sour, will give you some idea of how the Insolvency Service has just dealt with three Company Directors and their “wrongdoing” having wound up their businesses with a Bounce Back Loan still owing. […]