2022 - Page 38 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

Claiming Her Business Turnover Was £130k When It Was In Fact £4892 and Getting a £30k Bounce Back Loan on the Strength of That Over-Egged Turnover Leads to a 10 Year Disqualification

September 16, 2022

Here is another sorry tale of a Company Director blagging a Bounce Back Loan and leaving it unpaid, resulting in the taxpayer picking up the tab and her getting a 10-year disqualification. […]

Bounce Back Loan and Job Retention Scheme Wrongdoing Results in a Company Director Getting a Hefty 12 Year Disqualification

September 16, 2022

A 12-year ban has just been handed to the Company Director below, who applied for and got a Bounce Back Loan when she had taken steps to place her Company into a CVL, and also getting over £60k to which her Company was not entitled to via the Job Retention Scheme. […]

At What Point Will a Bounce Back Loan Lender Give Up Trying to Recover a BBL?

September 15, 2022

Today I present to you the words of, and correspondence from Sarah Munby the Permanent Secretary for the Department for Business, Energy and Industrial Strategy ( BEIS ) who explains why a Bounce Back Loan Lender should NOT “chase” you for more than 12 months at most if you do not repay your BBL. […]

Company Director Given an 11 Year Ban for Getting a £50k Bounce Back Loan from Barclays When Only Eligible for £12,950 and Another Also Given an 11 Year Ban for Getting a £45k NatWest BBL When Only Eligible for £4,428

September 15, 2022

Getting a Bounce Back Loan by over-egging their turnover, then spending most of it on themselves and not the business, and ultimately taking the insolvency route has resulted in the two Company Directors named below being given 11-year disqualifications, which they are now starting. […]

Falsely Stating His Business Turnover was £225,000 Results in Company Director Being Given a 10 Year Disqualification He Has Agreed to Repay It at £800 Per Month. The Liquidator Also Got £150 Compensation for Delays by HSBC in Providing the Information Requested!

September 14, 2022

After investigating every aspect of the application and spending of a Bounce Back Loan the Liquidator in the case below deemed the Company Director did misuse that BBL, and whilst it is now being repaid at £800 per month the Director also got a 10-year ban. […]