November 2022 - Page 8 of 14 - Mr Bounce Back - Bounce Back Loan News - Updates

A Long 10 Year Ban Handed Out to Company Director That Over-Egged His Turnover to Get a £50k Barclays Bounce Back Loan

November 14, 2022

Even though some Company Directors that blagged a Bounce Back Loan get shorter disqualifications when their wrongdoing comes to light, it’s still something of a postcode lottery, for the chap named in the case below ended up with a 10 year ban for the wrongdoing uncovered at liquidation that being over-egging his turnover. […]

Having Blagged a £30k Bounce Back Loan from HSBC When Not Eligible for One and Having Transferred the Money to Herself a Company Director is Given a 9 Year Ban

November 14, 2022

Whilst there may be a case for leniency in the length of ban handed out or in fact whether a ban is given out at all in some circumstances when Bounce Back Loan wrongdoing has been uncovered, by blagging one when not eligible in the first place, that act of wrongdoing never going to result in sympathy, as the Company Director named below has discovered, as she now starts a 9 year ban. […]

Having Blagged a Bounce Back Loan When Not Eligible and Having Misused the Funds a Company Director is Given a 10 Year Ban

November 14, 2022

Using a Bounce Back Loan for personal benefit is often going to result in a slap in the form of a long disqualification when taking the insolvency route, as the following Director who just been given a 10 year ban discovered. […]

Starling Bank Did No Wrong Says Jenny Lomax the Ombudsman When They Restricted a BBL Customers Access to Their Account When They Spotted Compulsory Strike Off Action was Registered at Companies House and She Says it’s an Event of Default

November 13, 2022

Make no mistake about it, BBL Lenders are all over Companies House, and anything they see that they don’t like the look of will often see them cancel a Bounce Back Loan agreement and demand immediate repayment of the outstanding balance, all with the greenlight of the Ombudsman, as the case below proves. […]

After Spotting a Notice for Compulsory Strike-Off and Dissolution of a LTD Company They Had Paid Out a Bounce Back Loan to, Barclays Restrict the Account of That Company and Get Debt Collectors to Chase the Director for Repayments – Ombudsman Says That is What They Do

November 13, 2022

Any red flags spotted by a Bounce Back Loan Lender will often see them restrict a Company’s Bank account, and that is exactly what Barclays did in the following case, which the Ombudsman Colin Brown says is nothing to complain about. […]