2026 - Mr Bounce Back - Bounce Back Loan News - Updates

Sohail Cheema Sentenced to 2 Years in Prison, Suspended for 2 Years for Blagging Two Bounce Back Loans, One from Starling Bank and One from Lloyds Bank for His Company

July 1, 2026

The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002. […]

Updated 26 June: Bank Bosses and Government Departments Respond to My Requests for a Detailed Insight into How People Can Get Written Confirmation Their (Defaulted and Legit) Bounce Back Loan has Been Written Off and Confirmation (if Relevant) That Their Ltd Company Strike-Off Application Will No Longer be Blocked by the Department for Business and Trade/Lender Now That the Initiative Has Been Announced

June 26, 2026

Having had almost 7 months since the Covid Corruption Commissioner recommended my proposal to put into place a reliable and seamless system to allow BBL Lenders to write off legit but defaulted Bounce Back Loans and in turn allow Directors to successfully get their Companies struck-off, without the Government blocking such an application, you would imagine the powers that be behind the scenes have been tirelessly putting into place such a system. […]

The Background Story of Getting to the Point in Time Where Legit but Defaulted Bounce Back Loans are to be Written-Off and Companies Allowed to be Struck-Off, Even If They Have an Unpaid BBL on Their Books – How I Proposed a Solution to the Government Who Liked it and Adopted it – People Can Soon Bounce Back But Without the Worries of Having to Repay a BBL

June 25, 2026

Here is an insight into how I finally got the powers that be to see sense regarding unpaid back Bounce Back Loans. […]

The Government Has Identified Sole Traders and Third Party Organisations That They Are Going to Target with Enforcement Action by the Autumn of 2026 – Read in Their Own Words What is Coming Using Newly Approved Legislation to Make it Easier and Speedier to Round them Up

June 24, 2026

The following new enforcement action for sole traders suspected of blagging one or more Bounce Back Loan was approved and announced on the 23rd of June 2026. […]

Six Years of Campaigning Has Finally Paid Off – Today, the 23rd of June 2026 Rachel Reeves and HM Treasury Announce They Have Adopted My Idea and Bounce Back Loans Will Be Written Off For Those Who Didn’t Blag Them But Couldn’t Pay Them Back, and LTD Companies with a Strike Off Block Due to an Unpaid BBL Can Have the Block Lifted and Their Company Struck Off

June 23, 2026

After years of badgering the right people and nonstop campaigning, I am pleased to inform you that the Government have finally agreed to allow Lenders to write off Bounce Back Loans for those who couldn’t pay them back and didn’t blag them. They are however going to be going after everyone who blagged a BBL […]