2022 - Page 21 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

Using Funds from a Barclays Bounce Back Loan Meant for His Limited Company to Invest Personally in a Global Energy Company and Not Providing Accounting Records to Allow the Insolvency Practitioner to Do Their Job Results in a 7 Year Disqualification

October 28, 2022

Here are the events which led up to the named Company Director being slapped with a 7 year ban for taking the Insolvency route, leaving a BBL unpaid and having committed the following Bounce Back Loan related wrongdoing. […]

Santander £50k Bounce Back Loan Left Unpaid Resulting in Company Director Who Over-Egged His Company’s Turnover to Get It Receiving a 9 Year Disqualification

October 28, 2022

Grants Shapps is now the Secretary of State for Business, Energy and Industrial Strategy, which means it is he who has to agree to the length of disqualification that Company Directors get, when for example they have been found to have done any […]

Full Details of How One Company Director Now Hit with a 12 Year Ban Blagged Three Bounce Back Loans All of Which Were Not Paid Back

October 27, 2022

I recently reported on the following Company Director regarding his three dodgy Bounce Back Loans, today you can see a forensic insight into how he blagged those loans […]

You Should NOT Be Pursued for More Than 12 Months for the Recovery of an Unpaid Bounce Back Loan – Read and Watch the Official Statements / Comments from BEIS, the Financial Conduct Authority, and the National Audit Office

October 26, 2022

This will be of interest to anybody that has sadly defaulted on their Bounce Back Loan and will help you sleep well at night. Here are official comments and statements from Government Departments confirming that 12 months is the time limit chosen as the cut off point for any BBL Lender or their nominated debt collectors to try and pursue BBL recoveries. […]

By Slightly Over-Egging Their Business Turnover by 7 Times its Value to Secure a £20k Santander Bounce Back Loan, Two Co-Directors Walk off With a 9 and 7 Year Ban

October 26, 2022

It’s not one of the best ideas, taking the Insolvency route with a Bounce Back Loan still owing when you over-egged the turnover for one of those loans, for Insolvency Practitioners are duty bound to ensure every aspect of the application for a BBL and where it went and what it was spent on was legit, which in the case below it certainly wasn’t. […]