October 2022 – Page 3 – Mr Bounce Back – Bounce Back Loan News – Updates

Dean Russell MP from BEIS Confirms That Despite Eye Watering Levels of Bounce Back Loan Defaults Not Many Are Due to Energy Price Rises and He Also Waffles, to Avoid Government Embarrassment About BBLs and Credit Files

October 22, 2022

Dean Russell MP who stepped into the post of Parliamentary Under-Secretary at the Department for Business, Energy, and Industrial Strategy (BEIS) in September of this year has confirmed that BEIS have not seen any substantial increase in the number of defaults of Bounce Back Loans due to the rise in energy prices, which begs the question […]

Blagging Three Bounce Back Loans for His Newly Formed Companies That Were Not Even Eligible for BBLs, then Buying a Property with the Money and Leaving Those Loans Unpaid at Liquidation Results in a 12 Year Ban

October 22, 2022

My Bounce Back Loan abuser tracker has now broken the 800 mark, thanks to this chap from Glasgow, who decided to blag three Bounce Back Loans for his companies that were not eligible for those loans and spent the money buying a property. His punishment is a 12 year ban. […]

Lloyds Bank Told to Pay £300 Compensation for Preventing a Sole Trader from Opening a Business Account to Allow Him to Then Apply for a Bounce Back Loan

October 21, 2022

Here we are in October 2022, and the Ombudsman is still mopping up the mess caused due to banks like Lloyds not playing ball with customers and potential customers many moons ago, when they could apply for Bounce Back Loans. Here is a case that has seen one such victim being awarded £300 compensation. […]

With No Meaningful Accounting Records Provided to the Liquidator No One Knows Whether a £27k Bounce Back Loan Was Spent on a Business or Not, So the Director Gets a 6 Year Ban

October 21, 2022

A long and drawn out case for you to read today, which is another one involving a Bounce Back Loan which saw a Company Director getting a 6 year ban, which would probably have been […]

Director Hit with a 5 Year Ban for Over-Egging Turnover to Get a £50k Barclays Bounce Back Loan for His Dormant Company Which Was Then Wound Up

October 20, 2022

As rumours swirl that Rishi Sunak may be being lined up to replace Liz Truss, here is another case involving a Bounce Back Loan in which the Director is now starting a 5 year ban. […]

Barclays Forced to Pay Compensation to a Customer for Not Being Clear with BBL Repayment Figures

October 19, 2022

As you will see below, Barclays have just been told to pay one of their Bounce Back Loan recipients £300 for not being clear with the amount they have to repay on their Bounce Back Loan, please read and digest this outcome and put your claim in for compensation if you are in the same boat. […]

Bagging Both a Co-Op Bank Bounce Back Loan and a Funding Circle CBILS and Not Using Them for the Benefit of his Business, and Leaving Both Owing at Liquidation Sees Director Slapped with a 7 Year Ban

October 19, 2022

Another Bounce Back Loan along with a CBILS have been lost due to the actions of the Director named in this case, for the wrongdoing outlined below, he is now starting a 7 year ban by the way for that wrongdoing. […]

Director Applies for and Gets Two Bounce Back Loans for His One Company After Massively Over-Egging His Turnover, Both Are Left Unpaid at Liquidation Resulting in Him Getting a 7 Year Disqualification

October 19, 2022

Getting just a 7 year disqualification for the wrongdoing associated with this case has to be looked at as a win by the Company Director involved, as he could easily have got a much longer ban for blagging not one but two Bounce Back Loans. […]

Making Payments That Were to the Detriment of Creditors After Securing a Metro Bank Bounce Back Loan Sees Director Given a 6 Year Disqualification

October 19, 2022

Metro Bank have certainly put in a huge number of Bounce Back Loan guarantee claims, and the one in the case below will be another of them. […]

Unsuccessful Bounce Back Loan Scammer Who Successfully Did Scam Over £670k as Part of a Dating Scam Banged Up for 4 Year 6 Months

October 18, 2022

It was during an investigation into a dating scam in which over £670k was scammed that detectives discovered a Newham based man had also tried, but failed to scam Bounce Back Loans worth £98,000. […]

Month: October 2022

Dean Russell MP from BEIS Confirms That Despite Eye Watering Levels of Bounce Back Loan Defaults Not Many Are Due to Energy Price Rises and He Also Waffles, to Avoid Government Embarrassment About BBLs and Credit Files

Blagging Three Bounce Back Loans for His Newly Formed Companies That Were Not Even Eligible for BBLs, then Buying a Property with the Money and Leaving Those Loans Unpaid at Liquidation Results in a 12 Year Ban

Lloyds Bank Told to Pay £300 Compensation for Preventing a Sole Trader from Opening a Business Account to Allow Him to Then Apply for a Bounce Back Loan

With No Meaningful Accounting Records Provided to the Liquidator No One Knows Whether a £27k Bounce Back Loan Was Spent on a Business or Not, So the Director Gets a 6 Year Ban

Director Hit with a 5 Year Ban for Over-Egging Turnover to Get a £50k Barclays Bounce Back Loan for His Dormant Company Which Was Then Wound Up

Barclays Forced to Pay Compensation to a Customer for Not Being Clear with BBL Repayment Figures

Bagging Both a Co-Op Bank Bounce Back Loan and a Funding Circle CBILS and Not Using Them for the Benefit of his Business, and Leaving Both Owing at Liquidation Sees Director Slapped with a 7 Year Ban

Director Applies for and Gets Two Bounce Back Loans for His One Company After Massively Over-Egging His Turnover, Both Are Left Unpaid at Liquidation Resulting in Him Getting a 7 Year Disqualification

Making Payments That Were to the Detriment of Creditors After Securing a Metro Bank Bounce Back Loan Sees Director Given a 6 Year Disqualification

Unsuccessful Bounce Back Loan Scammer Who Successfully Did Scam Over £670k as Part of a Dating Scam Banged Up for 4 Year 6 Months

Subscriber Special – Step By Step Guide to Getting the Maximum Bounce Back Loan Defaulter Discount – You Could, Like 10,000s of Others, Pay Just Pennies in the Pound and Have the Rest Written Off Legally and Legitimately By the Lender with No Further Action