September 2022 - Page 11 of 12 - Mr Bounce Back - Bounce Back Loan News - Updates

Blagging a Barclays Bounce Back Loan by Over-Egging Turnover Sees Director Hit with a 6 Year Disqualification

September 5, 2022

A six-year disqualification has just been handed out to the Director named in this case for over-egging the turnover of his business to get a bigger BBL than his Company was entitled, and transferring most of it to himself. […]

Applying For and Getting a £22k Bounce Back Loan from Starling Bank for His Dormant Company and Using it for Personal Benefit Sees Company Director Given a 9 Year Disqualification

September 5, 2022

You can see why the number of BBL guarantee claims submitted by and paid out to Starling Bank are so high, when you read about cases such as this one, which has resulted in a Company Director starting a 9-year disqualification. […]

A 10 Year Disqualification is Deemed the Suitable Punishment for a Director Who Over-Egged His Company’s Turnover By More Than 4 Times Its Value to Get a Bounce Back Loan and Left It Unpaid at Insolvency

September 5, 2022

Here is the story of another £50k Bounce Back Loan that will be claimed back by HSBC via the Government Guarantee. […]

Co-Directors Given a 4 Year 6 Month and an 8 Year Disqualification for TSB Bounce Back Loan Skulduggery

September 5, 2022

No Lender is immune from seeing the Bounce Back Loans they issued turning sour, and here is a case regarding a TSB BBL that has not been repaid due to the actions of two Company Co-Directors. […]

Overstating Turnover, Using a Bounce Back Loan for Personal Benefit and Getting a BBL When Not Fully Entitled to One Leads to Three Individuals Being Given a 9, 7 and 10-Year Bankruptcy Restrictions Orders

September 3, 2022

Three more Bounce Back Loans have gone belly up totalling some £97,000, resulting in the three individuals named being given long Bankruptcy Restrictions Orders for the following wrongdoing associated with those loans. […]