September 2023 - Page 14 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

10 Year Ban for Company Director to Over-Egged His Turnover to Secure a £50k Bounce Back Loan from HSBC When Only Entitled to a BBL Worth Less Than £10k

September 7, 2023

This case, as you are about to discover, relates to a £50k HSBC Bounce Back Loan that was never repaid. […]

6 Year Ban For Fashion Shop Boss Who Didn’t Repay Her Bounce Back Loan After Securing a CBILS Then Didn’t Repay Both Lloyds Bank and Funding Circle and Took the Liquidation Route

September 7, 2023

Getting a CBILs Loan required any business that has previously secured a Bounce Back Loan to repay that BBL, however as you will see in the following case, the Company Director named did not do so and as such she is today starting a 6 year ban. […]

Having Over-Estimated His Company’s Estimated Turnover to Bag a Santander Bounce Back Loan Much Higher in Value Than Entitled to, a Company Director is Today Starting an 11 Year Ban

September 7, 2023

This is another of those cases in which the Insolvency Service decided an 11 year ban was suitable punishment for a Company Director who over-estimated his business turnover to get a BBL, even though he was permitted to estimate his turnover. […]

“Legal Problems” Related to Recovering Losses Caused by Fraud and Error With Local Council Issued Covid Business Grants Makes It “Incredibly Hard” to Recover Those Funds

September 7, 2023

You may have been lucky and got a grant for […]

Barclay’s Secure Another High Court Winding Up Order Against a Company Whose Director Acquired a BBL for His Business That Wasn’t Even Eligible and Did Not Use the Funds for the Benefit of That Business, He Is Today Starting an 11 Year Ban

September 6, 2023

This is one of the many cases in which Barclays secured a High Court Winding Up Order against a Company whose Director blagged them out of a BBL. […]