It has not been possible for the Liquidator to work out whether a Company was eligible for a BBL and whether that loan was used for the economic benefit of the business for the reasons laid out in this case, but ultimately the Director was hit with a 6-year disqualification: […]
Looking at the value of Bounce Back Loans that have already turned sour with Tide, you can see why they are claiming the guarantee so quickly when you read about this case, which saw a Company Director slapped with a 10-year disqualification. […]
Not one of the longest disqualifications to be handed out recently for Bounce Back Loan wrongdoing, but this case will give you an insight into what a Company Director did that was deemed serious enough for him to receive a 7-year ban. […]
Please have a read of this article, it’s a long one, but introduces a new and very simple way that you can check whether your BBL has any red flag compliance issues, using a state […]
A rather long case for you to read through today in which you will see the reasons for a Company Director being given an 11-year disqualification. […]
Have a read through this case, as it shows what Company Directors can face when taking the Insolvency route with a Bounce Back Loan still owning, and not proving the accounting records to help the Liquidator work out what is what. […]
An 11-year disqualification appears to be a common length of ban handed out these days for Bounce Back Loan wrongdoing, and here is another case which did result in such a ban being handed out. […]
Believe it or not the Financial Ombudsman Survive are still working through Bounce Back Loan related complaints, and here is another one they have just upheld, which reveals the saga, nonsense, and inconvenience Barclays put a customer through, including them amending their rules so he couldn’t get a BBL anyway, which has resulted in compensation being awarded. […]
I often wonder if Ombudsman working for the Financial Ombudsman Service have any real-life experience of running a business, for often they side with a bank on complaints they receive stating the terms and conditions hidden away allow them to pull all manner of stunts. Here is a case and its ruling that has just been given which lays out a story I hear day after day about HSBC and other banks that are part of the BBL scheme. […]
Ok, this news update is important, and will, I know, only be of interest to a minority of people, but I want you to read and digest the contents, if you have sadly been forced to take the insolvency route with a Bounce Back Loan still owing, and have been told by the Insolvency Service you have committed wrongdoing, such as over-estimating your turnover and are being pursued for disqualification as “punishment”. […]
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