As you will see when looking through my Bounce Back Loan Abuser Tracker, it is not only Company Directors that are being given Disqualifications for any type of BBL wrongdoing uncovered when someone takes the insolvency/bankruptcy route and leaves one of those loan unpaid, it is also Sole Traders too. […]
It has been a while since I have seen any non-Company Directors given Bankruptcy Restrictions Orders (BRO’s) for BBL wrongdoing, however three have just been and as such here is what each of them got up to. […]
The rules for recovery and the enforcement of unpaid Bounce Back Loans are quite clear, and that is it is the job of the Lenders to, and in exceptional circumstances, seek enforcement of those unpaid loans. […]
The Financial Ombudsman Service are still awash with BBL related complaints, and that isn’t likely to change any time soon, here is another complaint that was not upheld related to NatWest demanding back a BBL. […]
A Barclays Bounce Back Loan is what this case revolves around, which as you will see, the Director involved got by claiming his business turnover was £600,000 when it was in fact zero. The upshot of the wrongdoing listed is he is now starting an 11 year ban. […]
It is the Insolvency Practitioner who will forensically look into the accounts of a Company when it is taking the Insolvency route and will be required to alert the Insolvency Service if any wrongdoing is uncovered. The Director named below is now starting a 9 year ban for the wrongdoing outlined below. […]
Maybe the lunatics have taken over the asylum, who knows, however, have a good read through of this Bounce Back Loan complaint that Paul Cooper the Ombudsman did not uphold then have a look at the one that his colleague did uphold. […]
It is the turn of NatWest, who to be fair to them have been handling those unable to repay their Bounce Back Loans with compassion, to feel the wrath of the Ombudsman. This case is one which revolves a BBL they apparently approved due to errors and have now had to reinstate. […]
As you will see, it didn’t take long for the powers that be to work out the Director named in this case over-egged his turnover, however he has just been hit with a rather short ban, that being just 6 years and 6 months. […]
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