October 2022 - Page 13 of 13 - Mr Bounce Back - Bounce Back Loan News - Updates

Using a £50k Bounce Back Loan for His Own Personal Benefit and Leaving It Owing at Liquidation Leads to a Company Director Getting a Lenient 5 Year Disqualification

October 3, 2022

Just 5 years was the length of the ban given to the Company Director named in the case below, who was found to have used his Company’s Bounce Back Loan for his own benefit and not the benefit of the business. […]

Company Director Disqualified for 11 Years After Bagging a Barclays and a Starling Bank Bounce Back Loan for His One Single Company

October 3, 2022

The failure by the powers that be to have a system in place in the first few weeks of the BBL scheme that allowed lenders to see if a business had already got a Bounce Back Loan led to people like the Company Director below being able to bag two of them. He didn’t pay back either of them and is now starting an 11 year disqualification for his wrongdoing, […]

9 Year Bankruptcy Restrictions Order Given to a Sole Trader for Getting a Higher Valued Bounce Back Loan Than He Was Entitled To

October 3, 2022

Over-egging your business turnover to blag a bigger Bounce Back Loan than you were entitled was not uncommon, however taking the bankruptcy route as a Sole Trader and leaving […]