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

A 3 Year 6 Month Long Bankruptcy Restrictions Order Handed Out to Sole Trader for Over-Egging His Turnover to Get a BBL and Spending it on Living Expenses and Buying a Van That He Later Scrapped

April 15, 2022

One of the more lenient slapping’s for wrongdoing associated with a Bounce Back Loan has just been handed out to the sole trader mentioned in the case below, which saw him being given a three and a half year BRO. […]

Company Director Given a 10 Year Disqualification for Massively Over-Egging His Turnover to Get a Lloyds Bank Bounce Back Loan and Not Using It for the Benefit of the Company

April 14, 2022

Declaring that his business had a turnover of way more than it actually was to bag a Lloyds Bank Bounce Back Loan and also not even using the BBL funds for the benefit of his business and leaving it owing at liquidation has seen the Company Director below smacked with a 10 year disqualification. […]

Not Using a BBL for the Economic Benefit of His Business and Over-Egging the Turnover to Get a Lloyds Bank BBL and Leaving It Owing at Liquidation Sees a Company Director Slapped with a 9 Year Disqualification

April 13, 2022

Here are the details of another Lloyds Bank Bounce Back Loan that went bad due to the reasons outlined below, including over-egging of turnover to secure that loan, a 9 Year disqualification has just been handed out to the Director of that business. […]

Capital on Tap Bounce Back Loan Goes Bad Resulting in Two Co-Directors Being Hit with 9 Year Disqualifications Due, Amongst Other Things, To Not Being Eligible in the First Place for That BBL

April 13, 2022

It is the turn of Capital on Tap to see one of their Bounce Back Loans turn sour, this case saw two Co-Directors being hit with a 9 year disqualification each. […]

Lloyds Bank Claim on the Government Guarantee for a Bounce Back Loan They Approved and Paid Out Which Saw a Company Director Hit with an 11 Year Disqualification for Using That BBL for Personal Benefit

April 12, 2022

Not only was the Bounce Back Loan in today’s case used for personal benefit and not for the benefit of the business, the Company Director got it when the business was no longer trading. […]