May 2023 - Page 13 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

Not Supplying Accounting Records Leaving a Liquidator Unable to Work Out Whether a NatWest BBL Was Legit a Company Director is Given a 6 Year Ban, Another Anomaly Due to The Late Queen Enabling BBLs by Signing into Law the Business and Planning Act 2020

May 10, 2023

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Starling Bank Customer Who Was Permitted to Estimate His Turnover to Get a £50k BBL is Given a 10 Year Ban for Overstating That Estimated Turnover, Her Late Majesty Who Before She Died Backdated a Law to Make Such Incidents Possible Must be Spinning in Her Grave

May 10, 2023

Here is another case which has just seen a Company Director being given a 10 year ban for over-estimating his estimated turnover. […]

Starling Close a Customer’s Account, Send Him a Cheque for the Balance, Cancel the Cheque and Use it to Repay a BBL They Subsequently Default Him On, the Ombudsman Says Have £100 Compensation for the Cheque Incident But As for the Default, That’s Their Right

May 9, 2023

Despite a plea by the affected customer to be allowed to repay his BBL as per the original terms, Starling Bank want their money back, from him or the Government guarantee and the Ombudsman agrees with the bank. […]

Man Complains That His Wife Applied for a Bounce Back Loan Using His Bank Account, She Sadly Died Shortly Afterwards, the Ombudsman Decides Lloyds Bank Should Reduce the BBL Debt by Half

May 9, 2023

A rather unusual and tragic BBL related case here, which ultimately saw the Ombudsman telling Lloyds Bank to reduce the BBL debt by half. […]

Another 5 Year Ban Handed Out to a Company Director Who Did Not Use His Company’s Santander Bounce Back Loan For the Benefit of His Company

May 9, 2023

This cases revolves around a Santander Bounce Back Loan and ultimately led to the Director named being given a 5 year ban. […]