2022 - Page 119 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

Insolvency Service Claim Company Director Over-Egged Business Turnover Figure to Get a £50K Barclays Bounce Back Loan and Spent a Chunk of it Paying His Personal Credit Card Bill So Slap Him with a 6 Year Disqualification at Insolvency

February 8, 2022

A Barclays Bank issued Bounce Back Loan is what today’s case revolves around, a large chuck of which the Insolvency Service claim was spent on paying a Company Director’s personal credit card bill off with, that along with them saying he also over-egged his turnover resulted in a 6 year disqualification. […]

11 Year Disqualification for Company Director Who Made False Representations and Fraud in Anticipation of Winding Up a Business to Blag a £50k Bounce Back Loan

February 7, 2022

It is going to take years to unwind from the mess that the Bounce Back Loan scheme has become, and this case will show you the ease at which one person was able to blag a £50k BBL. […]

Making Payments to Himself Some from a £15k Metro Bank BBL to the Detriment of Creditors sees Company Director Slapped with a 6 Year Disqualification

February 7, 2022

Another case here regarding Bounce Back Loan wrongdoing, and this one revolves around a £15k BBL from Metro Bank that will probably end up being written off. […]

HSBC Lose a £40k Bounce Back Loan As Another Company Goes Into Liquidation with the Director Hit with a 6 Year Disqualification for Wrongdoing

February 7, 2022

A 6-year disqualification was handed out for this case in which a Company Director made payments to herself that were deemed to be to the detriment of the Company’s creditors. As you may have guessed there is a Bounce Back Loan involved, that being one from HSBC worth some £40,000. […]

NatWest Banks’ Stubborn Refusal to Allow New Customers to Access the Bounce Back Scheme Was Well Within Their Rights Decrees Ben the Ombudsman – Complaining to Financial Ombudsman Service Won’t Get You Anywhere

February 6, 2022

Today’s case shows the response of the Financial Ombudsman Service, both from one of their BBL complaint case handlers and a real Ombudsman when someone complains about a bank, in this case NatWest, not allowing new customers to access the Bounce Back Loan scheme when it was live. Keep in mind that the Government had asked all lenders to open their doors to new customers as […]