2022 - Page 120 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

Sole Trader Hit with a 6 Year BRO for Over-Egging Turnover to Get a BBL and Another Person Gets a 10 Year BRO for Getting a Bounce Back Loan When Not Entitled to One

February 5, 2022

Whilst it is mainly LTD Company Directors that are currently being slapped with disqualifications for Bounce Back Loan wrongdoing, when they wind up their businesses with a BBL still owing, there have been several Sole Traders and individuals who have also been found to have abused that government backed loan scheme, and here are two cases that have just come to light. […]

4 Year Disqualification for Company Director That Got Two Bounce Back Loans for His One Single Business From Both Santander and HSBC

February 4, 2022

A rather low 4-year disqualification has just been handed out to the Company Director named in today’s case, who managed to get, and quite easily, two Bounce Back Loans for his one single business. […]

Metro Bank Snatch Back Another Bounce Back Loan As It Suspected a Company’s Estimated Turnover Wasn’t Correct, and Suspected It Was Not Trading on March 1st 2020 – Ben The Ombudsman Sides With the Bank

February 3, 2022

Here are the finer details of another recent BBL related complaint, in which Metro Bank snatched back a Bounce Back Loan and an FOS caseworker then a real Ombudsman both decide the bank were entitled to do so. […]

Despite Proving His Business Turnover Was Higher Than the Initially Declared Figure, Ben the Ombudsman Decides Lloyds Bank Were Right to Decline a BBL Applicant the Ability to Amend It

February 2, 2022

Another case today involving an incorrectly entered turnover figure when someone applied for a Bounce Back Loan. As you will see, even when proving beyond any doubt that an error had been made, Ben the Ombudsman says rules are rules and Lloyds Bank had to go with the incorrect figure. […]

Restaurant Owner Used at Least £40k of a £50k NatWest Bounce Back Loan for Personal Benefit and is Hit with a 6 Year Disqualification at Liquidation

February 1, 2022

Whilst those who are struggling to repay their Bounce Back Loans are not being offered any real help, bar the costly PAYG options, others who took the money but used it for personal benefit then opted to take the insolvency route are being hit with disqualifications. Here is another case which saw a Company Director get a 6-year disqualification for wrongdoing with a BBL from NatWest […]