August 2022 - Page 4 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

After Checking a Total of Seven Bank Accounts It Was Discovered a Business Owner Did Over-Estimate His Turnover to Get Two £50k Metro Bank Bounce Back Loans and is Now Starting a 7 Year Disqualification After Taking the Insolvency Route With His Two Businesses Leaving Both BBL’s Unpaid

August 26, 2022

Not one of the longest disqualifications handed out recently, but the Company Director named in today’s two BBL related cases is starting a seven-year disqualification for over-estimating the estimated turnover to get two BBLs and leaving both of those loans owing at liquidation. […]

11 Year Disqualification Given to Fried Chicken Business Owner for the Usual Story of Over-Egging Business Turnover to Secure a £50k HSBC Bounce Back Loan and Leaving it Owing at the Liquidation of His Company

August 26, 2022

The business owner in today’s case was discovered to have over-egged his turnover to secure a much larger valued Bounce Back Loan than eligible for and having taken the Insolvency route leaving that BBL unpaid it was decided that an 11 year disqualification would be a suitable “punishment”. […]

After Getting a £20k Bounce Back Loan for His Company By Claiming Its Turnover was £680k When It Was in Fact Zero and Wasn’t Even Trading, a Company Director is Given a 9 Year Disqualification

August 26, 2022

Another outrageous case today, involving a £20k Bounce Back Loan, that as you will see went to a Company Director whose Company had no turnover and wasn’t even trading, and his punishment was a 9-year disqualification. […]

9 Year Disqualification for Applying for a £35k Lloyds Bank Bounce Back Loan with an Estimated Turnover of £180,000 When Available Records Prove the Actual Turnover was Just £1310

August 25, 2022

Here is another case which has resulted in the Company Director named being given a 9-year disqualification for failing to provide any evidence that the over-estimating of her Company’s estimated turnover was appropriate. […]

By Not Maintaining and/or Preserving Adequate Accounting Records or, Alternatively, Failing to Deliver up to the Liquidator Such Sees Company Director Hit with a 7 Year Disqualification as No One Knows Where a Lloyds Bank £50k Bounce Back Loan Went

August 25, 2022

It was a seven-year disqualification the Company Director named in this case has been given, as no one knows whether their Company was eligible for the Lloyds Bank £50k Bounce Back Loan it got and have not got a clue what it was spent on. […]