September 2022 - Page 6 of 12 - Mr Bounce Back - Bounce Back Loan News - Updates

Just a 7 Year Disqualification for a Company Director Who Couldn’t or Wouldn’t Prove a £40k Barclays Bounce Back Loan His Company Applied for was Spent on the Business and Whether it Was Eligible for that BBL

September 20, 2022

The increase in Company Directors choosing to fail to maintain, and/or preserve or alternatively not deliver to the Liquidator their accounting records when taking the insolvency route with a Bounce Back Loan is interesting, for here is yet another case of a Director who got a noticeably lower disqualification than he would have got if such records were available and proved BBL wrongdoing. […]

Insolvency Service Whacks Another Company Director with a 10 Year Ban for Over-Estimating His Estimated Turnover When Applying for a £50k Barclays Bounce Back Loan

September 20, 2022

A Barclays £50k Bounce Back Loan is what this case revolves around and is another prime example of why those who over-estimated even their permitted estimated turnover to get one of those loans have a lot to worry about if they take the insolvency route and leave that loan unpaid. […]

TSB Customer Misses Out on a Bounce Back Loan Top-Up Due to Various Reasons Including That Bank Listing an Unmonitored Email Address on Their Website, The Ombudsman Says £75 Compensation is Adequate

September 19, 2022

Whilst TSB are being very, very fair with people who call them up and tell them they cannot repay their Bounce Back Loan with the bank explaining to them how they will claim on the guarantee and not hound them, here is a complaint about them the Ombudsman has just ruled on. […]

Claiming Her Business Turnover Was £130k When It Was In Fact £4892 and Getting a £30k Bounce Back Loan on the Strength of That Over-Egged Turnover Leads to a 10 Year Disqualification

September 16, 2022

Here is another sorry tale of a Company Director blagging a Bounce Back Loan and leaving it unpaid, resulting in the taxpayer picking up the tab and her getting a 10-year disqualification. […]

Bounce Back Loan and Job Retention Scheme Wrongdoing Results in a Company Director Getting a Hefty 12 Year Disqualification

September 16, 2022

A 12-year ban has just been handed to the Company Director below, who applied for and got a Bounce Back Loan when she had taken steps to place her Company into a CVL, and also getting over £60k to which her Company was not entitled to via the Job Retention Scheme. […]