September 2023 – Page 2 – Mr Bounce Back – Bounce Back Loan News – Updates

Company Director Given a 7 Year Ban Which Starts Today, for Using Funds From Her Restaurants’ Bounce Back Loan for Personal Use, But Could Be About to Face Some Jail Time for Breaching the Companies Act 2006

September 22, 2023

As you will see in the following case, in which the Director named is today stating a 7 year ban for BBL abuse, she could also be dragged before a court and jailed for breaching the Companies Act 2006 […]

Company Director Whose Last Known Address Was In Taiwan Gets a 6 Year Ban for Using Funds from a £50,000 NatWest Bounce Back Loan for Personal Use – NatWest Manage to Snatch Back Just £5 and 5p

September 22, 2023

The last known address for the Company Director named in this case, who is today starting a 6 year ban for using funds from his Company Bounce Back Loan for personal use was […]

Director of Two “Uber” Private Hire Businesses That Were Not Trading and Had Submitted Dormant Accounts Slapped with an 11 Year Ban for Blagging a £50k BBL From Starling a Bank and a £50k HSBC BBL, Both of Which Were Not Repaid

September 21, 2023

Here is the background story of two Bounce Back Loans that were not repaid, and you the taxpayer will end up repaying. The Director named has just been […]

Vehicle Hire Company Goes to the High Court to Get a Freight Company Wound-Up for Not Paying Them, Which Is Granted, It Is Then a £50k BBL Obtained By Over-Egging Turnover is Discovered Which Leads to a 7 Year Ban

September 21, 2023

It is not only banks that can go to the High Court to get a Company wound up if they are owed money, and the BBL mention in this case which was obtained by over-egging turnover came to light after a vehicle hire company sought a High Court winding up order due […]

Sole Trader Whose Last Known Address Was in Cyprus Given a 9 Year Bankruptcy Restrictions Order for Over-Egging Her Business Turnover to Get a £15k Bounce Back Loan and Not Using the Funds for Her Business

September 21, 2023

The Sole Trader mentioned in this case has been given a 9 Year BRO for BBL Abuse. […]

Step by Step Guide to Taking The Liquidation Route With a Limited Company That Still Owes a Bounce Back Loan, Whilst Wary of Any Possible Wrongdoing You May Have Committed When Applying for or Spending That BBL

September 20, 2023

Being a Company Director does of course come with a lot of responsibility. However, due to current financial landscape, many such business owners who took out a Bounce Back Loan are facing great difficulties in […]

The Over-Egging of Business Turnover to Get an HSBC £50,000 Bounce Back Loan and Lots of Cash Withdrawals From Those BBL Funds Leads to a 10 Year Director Disqualification – HSBC Managed to Snatch Back Just £26 the Rest Was Left Unpaid

September 20, 2023

Another day and another HSBC Bounce Back Loan turns sour, here is the backstory to the 10 year Disqualification handed out to the Company Director named, that Disqualification starts today, the 20th of September 2023. […]

Another Kebab Shop Owner Given a 10 Year Ban, This Time for Transferring Funds From His Company’s Barclays £50k Bounce Back Loan to Himself, His Large Turnover Figure Used for the BBL Application Led to the Uncovering of the Fact He Wasn’t Even VAT Registered

September 20, 2023

Here is the rather long and somewhat unbelievable story behind the 10 year ban just handed out. […]

Government Keeps Quiet on Failings of HSBC (Who Pay Sajid Javid MP £30k Per Speech), That Led to a Kebab Shop Owner (Sajid Has Also Been Gifted Free Tickets to the Kebab Awards) Getting a BBL From HSBC and TSB For His One Company Worth £100k in Total, Neither of Which Were Repaid

September 20, 2023

Here is another example of the result of HSBC not updating the Bounce Back Loan database instantly when they approved and paid out a BBL. […]

Multiple Prosecutions Resulting in Prison Sentences Have Spurred the Insolvency Service On To Take To Court Those Who Managed to Get a Voluntary Dissolution or a Compulsory Strike Off Without Repaying Their Bounce Back Loan

September 19, 2023

Whilst allowances can and are sometimes made to anyone who broke a minor rule of the Bounce Back Loan scheme, some people did of course set out to scam the scheme from the start. There […]