October 2022 - Page 3 of 13 - Mr Bounce Back - Bounce Back Loan News - Updates

By Slightly Over-Egging Their Business Turnover by 7 Times its Value to Secure a £20k Santander Bounce Back Loan, Two Co-Directors Walk off With a 9 and 7 Year Ban

October 26, 2022

It’s not one of the best ideas, taking the Insolvency route with a Bounce Back Loan still owing when you over-egged the turnover for one of those loans, for Insolvency Practitioners are duty bound to ensure every aspect of the application for a BBL and where it went and what it was spent on was legit, which in the case below it certainly wasn’t. […]

Both NatWest and Starling Bank Approve and Payout a £25k Bounce Back Loan to a Business That Had Zero Turnover and Wasn’t Trading, Its Director is Given an 11 Year Ban for Blagging 2 BBLs and Leaving them Owing at Liquidation

October 26, 2022

By outrageously blagging not one but two Bounce Back Loans and leaving them both unpaid results in the brass necked Company Director named below being given an 11 year ban. Have a read of how he got those loans. […]

Having Transferred Half of His Company’s £50k NatWest Bounce Back Loan to Himself and Leaving All of It Owing at Liquidation Sees a Company Director Slapped with a Modest 5 Year Ban

October 26, 2022

As Rishi Sunak takes office, and starts forming his new Cabinet, here is an overview of why this Company Director is starting a 5 year ban, which no surprise is due to Bounce Back Loan wrongdoing. […]

Had a Recent Letter from Your Bank Requesting Additional Information About Your BBL or Business? If So Read This Strategy Adopted By BEIS For The Recovery of “Irregular” Bounce Back Loan Payments As It May Explain It

October 25, 2022

Here is the latest from the Department for Business, Energy & Industrial Strategy on how they are tackling recovering fraudulent Bounce Back Loans, or as they prefer to call them “irregular loan payments”. You may find this helpful if you have suddenly received out of the blue a letter from your bank requesting additional information about your Bounce Back Loan, years after you applied for it and got it. […]

Having Got a £35k Barclays Bounce Back Loan By Over-Egging His Turnover by Over 15 Times The True Figure, and Leaving it Owing at Liquidation Sees a Company Director Banned for 10 Years

October 25, 2022

This case, which has just seen the Company Director involved getting a 10 year ban revolves around a Barclays Bounce Back Loan, which might explain why lots of their BBL customers and now being grilled on their turnover figures. […]