March 2022 - Page 5 of 9 - Mr Bounce Back - Bounce Back Loan News - Updates

A 7 Year and 9 Year Disqualification Handed Out to Two Company Directors for Over-Egging Turnover to Obtain a £35k and £50k Bounce Back Loan

March 21, 2022

I am fast approaching 400 business owners on my BBL Defaults Tracker that have been hit with a Disqualification for Bounce Back Loan wrongdoing, and today’s two cases resulted in a 7 year and 9-year ban. […]

Additional Help, Support and Information For Those With a Bounce Back Loan Who May Be In Arrears or About to Default and Don’t Know What To Do – A Quick Update

March 20, 2022

As you will probably already know, I have been working […]

Three Bounce Back Loans Worth £117k Go Sour and Three Business Owners Hit With Bans/Disqualifications for Various BBL Wrongdoing Including Over-Egging Turnover

March 19, 2022

Another £117k in Bounce Back Loans are heading for the Government guarantee as you will see by today’s three cases, all of which resulted in long disqualification/bans for the business owners. […]

Company Director Hit With Disqualification For Over-Egging Their Turnover Which Would Have Been Hushed Up and Not Classed As Fraud If They Had Just Made Repayments According to a Barclays Boss

March 18, 2022

Whilst I put together the finer details of the project that I am working on with a bank boss regarding help and support for those struggling to repay their Bounce Back Loan, which I should have an update on very shortly, here is another case involving BBL wrongdoing which resulted in an 8-year disqualification. […]

Barclays Boss Says If You Over-Egged Your Turnover But Repay Your Bounce Back Loan That’s Not Fraud But Don’t Repay Then It Is Fraud

March 17, 2022

I knew there would be a whole host of Easter Eggs spurted out at the BEIS Strategy Committee Evidence Gathering session on Covid Loan Fraud on Tuesday, and low and behold Hannah Bernard, Head of Business Banking, Barclays Bank UK did come out with a corker. That being if you over-egged your turnover but repay your loan either in full or via the repayments you agreed when taking out the loan that is not fraud, but if you do not repay then […]