Even though some Company Directors that blagged a Bounce Back Loan get shorter disqualifications when their wrongdoing comes to light, it’s still something of a postcode lottery, for the chap named in the case below ended up with a 10 year ban for the wrongdoing uncovered at liquidation that being over-egging his turnover. […]
Whilst there may be a case for leniency in the length of ban handed out or in fact whether a ban is given out at all in some circumstances when Bounce Back Loan wrongdoing has been uncovered, by blagging one when not eligible in the first place, that act of wrongdoing never going to result in sympathy, as the Company Director named below has discovered, as she now starts a 9 year ban. […]
Using a Bounce Back Loan for personal benefit is often going to result in a slap in the form of a long disqualification when taking the insolvency route, as the following Director who just been given a 10 year ban discovered. […]
Make no mistake about it, BBL Lenders are all over Companies House, and anything they see that they don’t like the look of will often see them cancel a Bounce Back Loan agreement and demand immediate repayment of the outstanding balance, all with the greenlight of the Ombudsman, as the case below proves. […]
Any red flags spotted by a Bounce Back Loan Lender will often see them restrict a Company’s Bank account, and that is exactly what Barclays did in the following case, which the Ombudsman Colin Brown says is nothing to complain about. […]
Whilst many lenders make the minimum amount of effort to let people know they have missed their Bounce Back Loan repayments, the complaint in the case below, which Paul Copper the Ombudsman has not upheld, does indicate Barclays are somewhat over zealous in sending out text messages and letters when someone does go into arrears. […]
We head over to Bristol today and take a look at why the following individual has just been slapped with a 9 year Bankruptcy Restrictions Order, which as you may have guess is related to a Bounce Back Loan. […]
Not sure how to describe the group that one major BBL Lender has teamed up with to recover dodgy Bounce Back Loans, I am stuck between “Swat Team” or “Bounty Hunters”, but either way they have been getting some impressive results very recently […]
Here we have another case which bizarrely shows how not giving the Liquidator the required records to explain where a Bounce Back Loan went, often ends up with a much shorter length of ban than actually supplying those records if they do prove wrongdoing. […]
Here we have another case of a Director getting a much shorter ban for not maintaining or preserve or alternatively failing to deliver adequate accounting records than they would have got if they have done so and those records had uncovered any type of wrongdoing. Ultimately a £50k NatWest Bounce Back Loan was involved in this case which was left unpaid. […]
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