March 2024 – Page 9 – Mr Bounce Back – Bounce Back Loan News – Updates

Subscriber Special – HM Treasury’s Response to Questions Relating to Your Personal Assets Being Safe and Whether You Can Continue to Trade as a Sole Trader Once You Have Defaulted and Been Unable to Repay Your Bounce Back Loan

March 7, 2024

A while ago I harassed/asked HM Treasury to give me some answers to questions many of you are asking, and as such here are, for those of you that missed them, their answers to a couple of questions that get asked day after day. […]

HSBC Customer Complains the Bank Messed Him About With His BBL Arrears and Branch Staff Couldn’t Help, But the Ombudsman Says Tough Your Complaint Has Run Out Of Time and BBLs are Very Complicated and Need Specialist Staff to Deal with Them!

March 7, 2024

Here is a prime example of the Ombudsman not being fit for purpose. […]

Ombudsman Tosses Out a Complaint and Decides a BBL Borrowers Recollections Were “Confused” When a Lloyds Bank Employee Told Him He Could “Use a Shortcut” to Get a BBL In a Sole Trader Name and Change it to His Limited Company Name Later

March 7, 2024

Having heard and seen what some bank staff said and did to BBL borrowers, I wouldn’t be too surprised if, despite this BBL complaint outcome, the Lloyds Bank Employee did utter such words. Read on for the details of this case. […]

Coutts Bank Customer Complains That the Bank Wouldn’t Give Him the PAYG Options on His Bounce Back Loan, the Ombudsman Throws Out the Complaint Saying They Have Given You £350 Compensation

March 7, 2024

Even the rich and famous are struggling to repay their BBLs, as you will discover in this recent BBL related complaint. […]

Worcester Based Director Given a 9 Year Ban for Over-Egging His Company Turnover to Blag a £25k BBL from Lloyds Bank, and His Co-Director Given a 5 Year Ban for Knowing/Should Have Known That a Wrongful Declaration of Turnover Had Been Made

March 7, 2024

Read on for details of these two Director bans. […]

An Insight Into the “Growth Guarantee Scheme” the Third Iteration of the Recovery Loan Scheme Announced In Todays Budget

March 6, 2024

The third iteration of the Recovery Loan Scheme, which is due to end in June 2024 will be extended and renamed as the Growth Guarantee Scheme. The terms of the scheme will remain unchanged, ensuring […]

Amlwch Based Director Starting a 12 Year Ban Today for Blagging Two £50k HSBC Bounce Back Loans One for Each of His Two Businesses By Over-Egging the Turnover of Each Company

March 6, 2024

Read on for the full details of this case, which resulted in the Director named being given a 12 year ban, that ban starts today, the 6th of March 2024.Also below are the Liquidators comments. […]

Peterborough Based Director Given a Hefty 11 Year Ban Starting Today the 6th of March 2024 for Over-Egging His Turnover to Blag a £50k BBL From Lloyds and Not Using All of the BBL Funds for the Benefit of the Business

March 6, 2024

Read on for the full details of this case. […]

Lambeth Based Director Starting a 10 Year Ban Today for Blagging a £50,000 Bounce Back Loan from NatWest For His Company That Ceased Trading Way Back in 2016 and Submitted Dormant Accounts Ever Since.

March 6, 2024

Here are the details of this case. […]

Walsall Based Directors of Two Barbers Shops Slapped With 9 Year Bans For Over-Egging Their Business Turnover to Blag a £50,000 and a £34,500 Bounce Back Loan from Lloyds Bank

March 6, 2024

Read on for the details of these two cases, which saw the Director nameds being given 9 year bans. […]

Month: March 2024

Subscriber Special – HM Treasury’s Response to Questions Relating to Your Personal Assets Being Safe and Whether You Can Continue to Trade as a Sole Trader Once You Have Defaulted and Been Unable to Repay Your Bounce Back Loan

HSBC Customer Complains the Bank Messed Him About With His BBL Arrears and Branch Staff Couldn’t Help, But the Ombudsman Says Tough Your Complaint Has Run Out Of Time and BBLs are Very Complicated and Need Specialist Staff to Deal with Them!

Ombudsman Tosses Out a Complaint and Decides a BBL Borrowers Recollections Were “Confused” When a Lloyds Bank Employee Told Him He Could “Use a Shortcut” to Get a BBL In a Sole Trader Name and Change it to His Limited Company Name Later

Coutts Bank Customer Complains That the Bank Wouldn’t Give Him the PAYG Options on His Bounce Back Loan, the Ombudsman Throws Out the Complaint Saying They Have Given You £350 Compensation

Worcester Based Director Given a 9 Year Ban for Over-Egging His Company Turnover to Blag a £25k BBL from Lloyds Bank, and His Co-Director Given a 5 Year Ban for Knowing/Should Have Known That a Wrongful Declaration of Turnover Had Been Made

An Insight Into the “Growth Guarantee Scheme” the Third Iteration of the Recovery Loan Scheme Announced In Todays Budget

Amlwch Based Director Starting a 12 Year Ban Today for Blagging Two £50k HSBC Bounce Back Loans One for Each of His Two Businesses By Over-Egging the Turnover of Each Company

Peterborough Based Director Given a Hefty 11 Year Ban Starting Today the 6th of March 2024 for Over-Egging His Turnover to Blag a £50k BBL From Lloyds and Not Using All of the BBL Funds for the Benefit of the Business

Lambeth Based Director Starting a 10 Year Ban Today for Blagging a £50,000 Bounce Back Loan from NatWest For His Company That Ceased Trading Way Back in 2016 and Submitted Dormant Accounts Ever Since.

Walsall Based Directors of Two Barbers Shops Slapped With 9 Year Bans For Over-Egging Their Business Turnover to Blag a £50,000 and a £34,500 Bounce Back Loan from Lloyds Bank

As We Move Into Year 5 of the BBL Scheme Here are the Simple, Logical and Much More Importantly, the Legal Reasons Why Most Bounce Back Loan Debts Are Never Going To Be Enforced – So If You Are in Default, Concentrate on Bouncing Back But Without The BBL Around Your Neck

Subscriber Special – Step By Step Guide to Getting the Maximum Bounce Back Loan Defaulter Discount – You Could, Like 10,000s of Others, Pay Just Pennies in the Pound and Have the Rest Written Off Legally and Legitimately By the Lender with No Further Action