May 2023 - Page 9 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

Bank Gets Their Backside Kicked for Defaulting a Customers Bounce Back Loan with the Ombudsman Saying She COULD Estimate Her Turnover and There Were NO RULES on How to Estimate It and HOW DARE YOU Accuse Her of Fraud

May 12, 2023

Hurrah! Ben the Ombudsman has finally (it has taken him quite some time) seen sense on “estimated turnover” Please read the following, it is long but digest it all. Including this bit “And it is important to note that there was no guidance as to how to calculate the estimate – including on what might (or might not) constitute a reasonable forecast.” […]

For Failing to Register for VAT and When He Did Failing to Submit VAT Returns and Not Providing a Liquidator with Accounting Records to Explain Where a Bounce Back Loan Went, Another Company Director Gets a 6 Year Disqualification

May 12, 2023

Just a 6 year ban for the wrongdoing listed, which as you will see left the Liquidator scratching his head as to where another Santander BBL went. […]

Liquidator Left Unable to Determine All Aspects of a Company Liquidation Including Where a BBL Went as a Company Director Didn’t Supply Any Accounting Records, So That Director Is Given a 6 Year Ban

May 12, 2023

This is the story behind the 6 year ban just handed out to the Company Director named and for reference, the Bounce Back Loan involved was issued by Santander. […]

With No Evidence His Company Was Trading on March 1st, 2020, and Giving No Explanation How He Arrived at the Estimated Turnover Used to Get a BBL and Why He Transferred Funds from the BBL to Himself, a Director Gets an 11 Year Ban

May 12, 2023

This case relates to a £50k Barclays Bounce Back Loan and for the wrongdoing listed the Company Director is now starting an 11 year ban. […]

The Bounce Back Loan Guarantees Portal Manual for Bounce Back Loans – Discover the Information Entered Onto and Held on That Portal When a Lender Is Claiming the Guarantee on Your BBL

May 11, 2023

Here is the current version of the Bounce Back Loan Guarantee Portal Manual for Bounce Back Loans […]