May 2022 - Page 4 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

Hefty 11 Year Disqualification Handed Out to Company Director for Over-Egging Turnover to Get a £50k Bounce Back Loan and Not Using it for the Benefit of the Business and for Leaving It Owing at Liquidation

May 25, 2022

A tale of money given to a friend to buy rugs and carpets from Pakistan the proof of which could not be shown with funds from a Bounce Back Loan, and over-egging his business turnover to get that BBL sees a Company Director hit with a hefty 11 year disqualification in this case. […]

Company Director Over-Eggs Turnover to Get a £30k BBL and Uses Some of It For Personal Benefit Then Agrees to Repay All Sums Owed at Liquidation Over 49 Monthly Repayments Whilst Also Getting an 8 Year Disqualification

May 25, 2022

I have not seen an agreement reached with the Liquidator like the one in the following case, which saw a Company Director hit with an 8-year ban, but also agreeing to repay all funds owned including a Bounce Back Loan at the liquidation of his Company over 49 monthly payments. […]

Applying for a Bounce Back Loan from Barclays with an Estimated Turnover of £100,000 When It Was In Fact Zero and Using Most of the £25k BBL For Personal Benefit Sees Company Director Slapped with a 6 Year Disqualification When Taking the Insolvency Route

May 25, 2022

A Barclays Bounce Back Loan was left unpaid when the Company is todays case took the insolvency route, resulting in the Director being disqualified for a total of 6 years due to the highlighted wrongdoing. […]

8 Year Bankruptcy Restrictions Order Handed Out For Bagging a £48,000 BBL That He Was Not Eligible For and Using It To Gamble and Pay Off Debts to Private Lenders

May 25, 2022

Another £48k Bounce Back Loan has been lost in the case outlined below, in which someone applied for a BBL when not eligible, received it but then used it to pay off other private debts and gamble therefore not using it for the economic benefit of the business. […]

The Sue Gray Report in Full in JPG Format

May 25, 2022

Below is the full Sue Gray Report in JPG format, […]