2022 - Page 70 of 131 - Mr Bounce Back - Bounce Back Loan News - Updates

12 Year Disqualification for Applying for a Bounce Back Loan When His Business Had Ceased Trading Using Most That £50k BBL for Personal Use, Over-Egging Turnover and Failing to Give the Bank Notice of the Dissolution

July 12, 2022

A huge 12-year disqualification was deemed to be the suitable punishment for the Company Director in this case, who had it away with a £50,000 Bounce Back Loan that the bank are not going to see again. […]

Co-Directors Given 7 Year Disqualifications for Another Case of Bounce Back Loan Wrongdoing That Saw a £50k BBL Turn Sour

July 12, 2022

There is always a story surrounding all cases of Bounce Back Loan Scheme abuse, and here is the background of another such case, which resulted in two 7 year disqualifications being handed out. […]

Using a Santander Bounce Back Loan to Pay Off His Personal Credit Card Bill and Giving Some of It to Benefit His Wife’s Business Sees a Company Director Slapped with a 6 Year Disqualification

July 12, 2022

There has been another noticeable jump in the number of disqualifications handed out to Company Directors for all manner of Bounce Back Loan wrongdoing recently, and here is an overview of one of them that saw a 6-year disqualification being given out. […]

A Mid-Ranged Disqualification Seems to be the Going Rate If Someone Fails to Maintain, Preserve or Doesn’t Deliver Accounting Records When Liquidating Their Company with a Bounce Back Loan Owing

July 12, 2022

I am seeing a growing number of Company Directors being given a mid-ranged disqualification, such as the one in this case who got a 7 Year ban, for failing to maintain, preserve and, or in the alternative deliver up complete accounting records of his business when winding it up, with a Bounce Back Loan owing. […]

10 Year Disqualification for Bagging an HSBC Bounce Back Loan worth £50k Along with a Starling Bank BBL Worth £50k for the Same Business

July 11, 2022

This case which has resulted in a Company Director getting a 10-year disqualification involves her securing two £50k Bounce Back Loans for one single company which was against the rules of the scheme. The banks involved were Starling Bank and HSBC. […]