October 2022 - Page 2 of 13 - Mr Bounce Back - Bounce Back Loan News - Updates

An 11 Year Ban Handed Out to Company Director Who Got Two Bounce Back Loans for His One Single Company Worth £100k in Total and Spent the Money on Himself not the Business

October 28, 2022

I will leave it up to you to decide whether it was worth the 11 year ban the Company Director named below is now starting for blagging a total of £100k in Bounce Back Loans. […]

Using Funds from a Barclays Bounce Back Loan Meant for His Limited Company to Invest Personally in a Global Energy Company and Not Providing Accounting Records to Allow the Insolvency Practitioner to Do Their Job Results in a 7 Year Disqualification

October 28, 2022

Here are the events which led up to the named Company Director being slapped with a 7 year ban for taking the Insolvency route, leaving a BBL unpaid and having committed the following Bounce Back Loan related wrongdoing. […]

Santander £50k Bounce Back Loan Left Unpaid Resulting in Company Director Who Over-Egged His Company’s Turnover to Get It Receiving a 9 Year Disqualification

October 28, 2022

Grants Shapps is now the Secretary of State for Business, Energy and Industrial Strategy, which means it is he who has to agree to the length of disqualification that Company Directors get, when for example they have been found to have done any […]

Full Details of How One Company Director Now Hit with a 12 Year Ban Blagged Three Bounce Back Loans All of Which Were Not Paid Back

October 27, 2022

I recently reported on the following Company Director regarding his three dodgy Bounce Back Loans, today you can see a forensic insight into how he blagged those loans […]

You Should NOT Be Pursued for More Than 12 Months for the Recovery of an Unpaid Bounce Back Loan – Read and Watch the Official Statements / Comments from BEIS, the Financial Conduct Authority, and the National Audit Office

October 26, 2022

This will be of interest to anybody that has sadly defaulted on their Bounce Back Loan and will help you sleep well at night. Here are official comments and statements from Government Departments confirming that 12 months is the time limit chosen as the cut off point for any BBL Lender or their nominated debt collectors to try and pursue BBL recoveries. […]