May 2022 - Page 10 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

HSBC Lose Another £50k Bounce Back Loan as Company Director is Given a 5 Year Disqualification for Transferring Funds to the Detriment of Creditors When He Should Have Known the Business Was Insolvent

May 5, 2022

There still appears to be a lottery in place regarding the amount of time Company Directors will be disqualified for when taking the insolvency route with a BBL still owing, when wrongdoing has come to light with that loan. Today’s case resulted in a 5 year disqualification. […]

Applying for and Getting a £50k Bounce Back Loan from Starling Back for a Dormant Company and Buying a Couple of Cars with the Proceeds and Leaving the BBL Owing at Insolvency Lands Company Director with a 6 Year Disqualification

May 4, 2022

Buying a couple of cars for private not business use using funds from a £50k Starling Bank Bounce Back Loan which were acquired for a dormant company with no turnover, lands Company Director with a 6-year disqualification. […]

Bash My Bum With a Biscuit Tin Lid – Court Hears How Bounce Back Loan Funds Were Sent to Syria to Fund ISIS!

May 3, 2022

Sometimes you just have to shake your head in disgust when it comes to stories surrounding the Bounce Back Loan scheme. […]

Barclay’s Pull the Old “Your Bounce Back Loan is Approved, Here It Is, Then Snatch It Back Days Later” Trick and the Ombudsman Says Nothing to See Here and Does Not Uphold the Complaint

May 3, 2022

Approving then declining someone’s Bounce Back Loan was an evil trick Metro Bank were best famed for, however this case sees Barclay’s also pulling that trick on one of their distraught customers. […]

2 x 11 Year and a 9 Year Disqualification Handed Out to Three Company Directors for Abusing the Bounce Back Loans Scheme and Leaving £145,000 in Total Owning at Liquidation to BBL Lenders

May 3, 2022

Another three Companies have been wound up with Bounce Back Loan wrongdoing having been discovered at liquidation, as you will see in today’s cases, the Directors of those businesses have been hit with long disqualifications for wrongdoing associated with those loans, including over-egging turnover and not being eligible for a BBL in the first place. […]