September 2022 - Page 2 of 12 - Mr Bounce Back - Bounce Back Loan News - Updates

Matching 6 Year Disqualifications For Company Directors Who Got a £250k CBILS But Failed to Use Those Funds to Repay a £50k Bounce Back Loan

September 28, 2022

Another day, another Bounce Back Loan turns sour and here is the tale of a now left unpaid £50k BBL which has resulted in two Company Director getting matching 6 year disqualifications. […]

Obtaining a £50k Barclays Bounce Back Loan By Over-Egging Turnover When Only Eligible for a BBL of a Tad Over £6k and Not Using it For the Benefit of His Business Sees Director Slapped with an 11 Year Disqualification

September 27, 2022

One of the longer disqualifications for Bounce Back Loan abuse was handed out in this case, and Barclays will no doubt have put the guarantee claim in by now and the Company Director is starting his 11 year ban. […]

9 Year Disqualification for Over-Egging His Company’s Turnover to Get a Barclays Bounce Back Loan Which Was Left Unpaid at Liquidation

September 27, 2022

The chances of those who over-egged their turnover to get a Bounce Back Loan then took the insolvency route getting away with that wrongdoing are slim, as this case proves, which is one of a never-ending stream of similar cases that resulted in a long disqualification. […]

By Not Providing Any Evidence That a Vast Proportion of His Company’s Barclays Bounce Back Loan Transferred Out Of Its Bank Account was Used for the Benefit of the Business Results in a Director Hit with a 6 Year Disqualification

September 27, 2022

This case revolves around a £50k Barclays issued Bounce Back Loan, and saw the Company Director named being given a 6 year ban for the BBL related wrongdoing listed. […]

Company Director Given an 11 Year Disqualification for Claiming the Turnover Declared to Bag a £50k TSB Bounce Back Loan Was for “Protected Sales” When He Needed to Use His Actual (Much Lower) Turnover Figure and Not Explaining What it Was Used For

September 26, 2022

Not seen a huge number of TSB Bounce Back Loan turning as sour but they didn’t issue that many anyway. As you will see from the case below, the Company Director did blag his BBL and is now starting an 11 year ban. […]