February 2022 - Page 7 of 8 - Mr Bounce Back - Bounce Back Loan News - Updates

Making Payments to Himself Some from a £15k Metro Bank BBL to the Detriment of Creditors sees Company Director Slapped with a 6 Year Disqualification

February 7, 2022

Another case here regarding Bounce Back Loan wrongdoing, and this one revolves around a £15k BBL from Metro Bank that will probably end up being written off. […]

HSBC Lose a £40k Bounce Back Loan As Another Company Goes Into Liquidation with the Director Hit with a 6 Year Disqualification for Wrongdoing

February 7, 2022

A 6-year disqualification was handed out for this case in which a Company Director made payments to herself that were deemed to be to the detriment of the Company’s creditors. As you may have guessed there is a Bounce Back Loan involved, that being one from HSBC worth some £40,000. […]

NatWest Banks’ Stubborn Refusal to Allow New Customers to Access the Bounce Back Scheme Was Well Within Their Rights Decrees Ben the Ombudsman – Complaining to Financial Ombudsman Service Won’t Get You Anywhere

February 6, 2022

Today’s case shows the response of the Financial Ombudsman Service, both from one of their BBL complaint case handlers and a real Ombudsman when someone complains about a bank, in this case NatWest, not allowing new customers to access the Bounce Back Loan scheme when it was live. Keep in mind that the Government had asked all lenders to open their doors to new customers as […]

Sole Trader Hit with a 6 Year BRO for Over-Egging Turnover to Get a BBL and Another Person Gets a 10 Year BRO for Getting a Bounce Back Loan When Not Entitled to One

February 5, 2022

Whilst it is mainly LTD Company Directors that are currently being slapped with disqualifications for Bounce Back Loan wrongdoing, when they wind up their businesses with a BBL still owing, there have been several Sole Traders and individuals who have also been found to have abused that government backed loan scheme, and here are two cases that have just come to light. […]

4 Year Disqualification for Company Director That Got Two Bounce Back Loans for His One Single Business From Both Santander and HSBC

February 4, 2022

A rather low 4-year disqualification has just been handed out to the Company Director named in today’s case, who managed to get, and quite easily, two Bounce Back Loans for his one single business. […]