Todays News
Is Baroness Buscombe Being Used To Heap More Secrecy On the Bounce Back Loan Scheme or to Help Rishi Weather his “Not Writing Off BBL Fraud” Statement
A quick search of questions asked in the House of […]
Year: 2022
BBL Complaints and Outcomes
A Sorry Tale of How Barclays Snatched Back a Bounce Back Loan from a Customers Personal Account and Demand They Open a Business Account – They Did and Get the BBL Back and £250 Compensation
Asher Gordon the Ombudsman had to try and make sense of todays Bounce Back Loan complaint that landed on their desk, involving a snatched back BBL from Barclays and the level of compensation the saga deserved. […]
The Disqualification Files
Bagging a Bounce Back Loan Top-Up by Mis Representation Lands a Sole Trader with an 8 Year BRO and Another Gets a 7 Year BRO for Using His BBL For Personal Benefit
A couple of sole traders have just been given 7-year and 8-year Bankruptcy Restriction Orders for wrongdoing with their Bounce Back Loans, here are the details of both of those cases. […]
BBL Complaints and Outcomes
Being Unable to Verify His Self-Declared Turnover Led to a Business Owner Having His Bounce Back Loan Snatched Back by Santander
With many people currently still being asked to provide all manner of additional information about their business by different banks, long after their BBL was approved and drawn down, today’s case is quite apt as it gives an insight into how the Ombudsman decided, in her opinion, Santander were right to snatch back a BBL from a Sole Trader who didn’t supply the requested information. For the record, even this week many people are reporting their banks are asking for additional information under the guise of “safeguarding” or ongoing “KYC”. If you […]
The Disqualification Files
Insolvency Service Cannot Make Head Nor Tail of a Company’s Finances Including if a £30k NatWest BBL Was Used Legitimately So Slap Director With a 7 Year Disqualification
Today’s case shows you what happens if you put the Insolvency Service in a position whereby they cannot work out a businesses finances when its being wound up, and whether a Bounce Back Loan was legit. A seven-year disqualification was deemed a suitable punishment for this […]