September 2023 - Page 8 of 17 - Mr Bounce Back - Bounce Back Loan News - Updates

Company Liquidation With a Bounce Back Loan Owing – Examples of Directors Found to Have Abused the BBL Scheme and Punished for “Turnover Misstatement” As Predicated By The British Business Bank On Their Top 10 Fraud Risks Analysis and Those Facing No Further Action

September 18, 2023

The British Business Bank, having expressed their concern of the […]

Company Director Gets 2 BBLs for His Company from Starling and Santander, One in May 2020, and the Other in August 2020, Which Should Have Been Impossible If The Second Lender Had Checked the BBL Database – He is Given an 11 Year Ban

September 15, 2023

There was a BBL database in place weeks after the launch of the BBL scheme, which lenders had to check before paying out any BBLs they had approved to ensure the business applying hadn’t already received a BBL from […]

With No Evidence Supplied That a Barclays Bounce Back Loan Obtained By Over-Egging His Turnover, Then Transferred to Himself and a Connected Party Was Used to Benefit His Business, a Company Director is Given a 10 Year Disqualification

September 15, 2023

This is the tale behind a £50,000 Barclays Bounce Back Loan that was not repaid. […]

Lloyds Bank Left to Claim Yet Another Government Guarantee on a Wayward Bounce Back Loan Obtained By a Director Who Over-Egged His Turnover By Over Five Times Its True Value, For Which, He Is Today Starting a 10 Year Director Disqualification

September 15, 2023

This is the background to the 10 year ban the Director named is starting today for skulduggery with a Lloyds Bank Bounce Back Loan. […]

Successfully Getting His Company Dissolved with a Bounce Back Loan Owing and Not Telling the Bank He Was Taking That Route Leads to an 11 Year Ban and Possibly a Jail Sentence, the Latter Yet to Be Decided

September 14, 2023

Here is another Company Director slapped with a long ban for dissolving his Company with a BBL left owing, as he didn’t tell the bank he was taking that route there is a very good chance he may now end up in court and even jail for breaching Section 1006 of the Companies Act 2006, as the […]