April 2023 - Page 5 of 27 - Mr Bounce Back - Bounce Back Loan News - Updates

Lloyds Bank Claim on the Government Guarantee as Company Director is Given an 11 Year Ban For Over-Egging His Business Turnover to Bag a £50k Bounce Back Loan from them and Not Using it for the Benefit of the Business

April 27, 2023

Here are the finer details that led to the Company Director named being slapped with an 11 year ban for his skulduggery related to a £50k Lloyds Bank Bounce Back Loan. […]

Insight Into How Liquidators Are Obliged to Compile a Confidential Report Which Determines If a Director Will Get a Ban and Be Subject to Any Proceedings to Pay Anything Back When Taking the Insolvency Route With a BBL Still Owing

April 27, 2023

I do get asked by many people why there are so many Company Directors getting long bans and why some do not get slapped with such a ban when winding up their Companies with Bounce Back Loans owing. With that in mind […]

Due to One Bank Not Being Bothered to Check the Shared Industry Database a Company Director Gets Away with Blagging Two BBL’s Leaving Both Unpaid at Liquidation, He Has Just Been Given a 12 Year Ban

April 27, 2023

Despite the Share Industry Database having been in place a few months after the launch of the BBL scheme, which lenders had to check to see if anyone applying for a BBL had already got one, one of the two banks who got blagged out of the BBLs mentioned in this case have previously admitted they never started checking that database […]

The Public Accounts Committee Get Their Underwear in a Twist and Are Fuming That Nothing Much is Being Done About BBL Fraud and Hint that Banks Are Claiming on the Guarantees With “Gay Abandon” (Which They Are of Course)

April 26, 2023

It’s that time of the year when the Public Accounts […]

Ombudsman Decides Barclay’s Didn’t Threaten or Do Anything Inappropriate or Unfair When Refusing a Customer a Bounce Back Loan and Closing Her Accounts

April 26, 2023

I am not quite sure Alex Brooke-Smith an Ombudsman has fully got to grips with the rules of the BBL as he states this customer applied for the BBL, somewhere around the end of April […]