January 2023 - Page 12 of 14 - Mr Bounce Back - Bounce Back Loan News - Updates

Bank Account Analysis Proved a Co-Director Over-Egged Their Company’s Turnover to Blag a £50k BBL Off Metro Bank, for Which Both Directors Have Been Given an 11 Year Disqualification

January 6, 2023

Looking at the most recent Bounce Back Loan Guarantee Claims, Metro Bank are not afraid of claiming on the BBL Government guarantee rapidly, which is what they no doubt will have done with the one they gave to the Company named below. The Co-Directors of that Company are now starting 11 year bans for the wrongdoing listed. […]

Blagging a £50k Bounce Back Loan When Only Entitled to Borrow £6,293 and Leaving It Owing at Liquidation Sees Another Company Director Being Given an 11 Year Disqualification

January 6, 2023

If you were given £1 for everyone that over-egged their turnover to get a Bounce Back Loan, you wouldn’t need a BBL as you would be rich. Here is another such case that has resulted in an 11 year ban. […]

With No Evidence a Director Used His Company’s £20k HSBC Bounce Back Loan for the Benefit of His Business and as He Had Over-Egged His Turnover to Get that BBL, He Ends Up With a 10 Year Disqualification

January 6, 2023

Over-egging his Company’s turnover has resulted in a 10 year disqualification for the Director named below. […]

Blagging a £50k Bounce Back Loan Off Barclays Bank by Over-Egging His Turnover and then Taking the Insolvency Route Results in Yet Another Company Director Being Slapped with a 10 Year Disqualification

January 6, 2023

It does of course take quite some time for the powers that be to work out whether any Company Director has committed any BBL related wrongdoing when taking the Insolvency Route, but if they do a long disqualification is often handed out, like the 10 year ban given to the Company Director named in this case. […]

Not Repaying His Company’s Bounce Back Loan with the Proceedings of a Coronavirus Business Interruption Loan As Required by the Terms of that Scheme, Leads to a Company Director Being Hit with a 5 Year Disqualification

January 6, 2023

Not following the rules of the CBILs Scheme regarding paying off his Company’s Bounce Back Loan when later getting a Coronavirus Business Interruption Loan has resulted in the Director named below receiving a 5 year disqualification […]