August 2022 - Page 13 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

Over-Egging Turnover to Get a NatWest Bounce Back Loan and Not Using it for the Benefit of the Business Sees Another Company Director Hit with an 11 Year Disqualification

August 8, 2022

An 11-year disqualification appears to be a common length of ban handed out these days for Bounce Back Loan wrongdoing, and here is another case which did result in such a ban being handed out. […]

Barclays Telling a Business Owner to Change His Business Structure When Applying for an Account to Get a BBL Was Unfair But Forcing Him to Visit a Branch When No Appointments Were Available then Ultimately Changing Their Rules Resulting in Him Not Being Eligible for a BBL Anyway Was Permitted Says the Ombudsman

August 7, 2022

Believe it or not the Financial Ombudsman Survive are still working through Bounce Back Loan related complaints, and here is another one they have just upheld, which reveals the saga, nonsense, and inconvenience Barclays put a customer through, including them amending their rules so he couldn’t get a BBL anyway, which has resulted in compensation being awarded. […]

HSBC Review and Block Customers Account, Then Demand Repayment of Bounce Back Loan and Snatch a £10k Furlough Payment Meant for His Company’s Employees to Repay Overdraft and the BBL – Ombudsman Says They Can Keep the Furlough Money But Awards a Paltry £550 Compensation

August 6, 2022

I often wonder if Ombudsman working for the Financial Ombudsman Service have any real-life experience of running a business, for often they side with a bank on complaints they receive stating the terms and conditions hidden away allow them to pull all manner of stunts. Here is a case and its ruling that has just been given which lays out a story I hear day after day about HSBC and other banks that are part of the BBL scheme. […]

Been Told You Are Being Pursued for a Disqualification When Liquidating Your Company for Bounce Back Loan Wrongdoing, Such as Over-Estimating Your Turnover? I Have Seen Proof Those Decisions Can Be Overturned

August 5, 2022

Ok, this news update is important, and will, I know, only be of interest to a minority of people, but I want you to read and digest the contents, if you have sadly been forced to take the insolvency route with a Bounce Back Loan still owing, and have been told by the Insolvency Service you have committed wrongdoing, such as over-estimating your turnover and are being pursued for disqualification as “punishment”. […]

7 Year Disqualification for Company Director Who Made Payments to Himself to the Detriment of HMRC and NatWest in Regard to a Bounce Back Loan

August 5, 2022

A rather long case for you to read through today, which ultimately saw a Company Director given a 7-year disqualification for all of the points laid out. […]