Current State of Play

Current State of Play

Insolvency Practitioners Cashing in by Increasing Their Fees to Swallow Up Funds Paid by Company Directors When They Pay Back Money Blagged from a Dodgy Bounce Back Loan – Leaving Nothing for Taxpayers Who Paid Out to Lenders the Guarantee Claims on those BBLs

October 14, 2026

I want to enlighten you to something that I discussed at length with the Covid Corruption Commissioner, and that is how Insolvency Practitioners are cashing in when a Company Director does the right thing and pays back a dodgy Bounce Back Loan they shouldn’t have got. He knew it goes on and wasn’t happy. […]

Current State of Play

Current State of Play with the Bounce Back Loan Write-Off Mechanism and How the Government are Bringing About the “End State” for the BBL Scheme – Indicators are that Vulnerable BBL Borrowers, Those with a Legit But Defaulted BBL and Those Who Paid Pennies in the Pound to Settle Their BBL are all Safe, it’s Blaggers That Need Worry

October 10, 2026

To help you make sense of the end state for the Bounce Back Loan scheme and keep track of where the Government is at with the BBL write-off mechanism and the new recovery/enforcement action, please read on as this page is updated regularly with everything you need to know. […]

Current State of Play

Need to Get Your Bounce Back Loan Written Off Allowing You to Strike-Off Your LTD Company? If You Informed Your Lender You Were Vulnerable When You Defaulted Then Now is a Good Time to Ask Them to Write It Off, But Get It in Writing – Here Are the Steps the Government Takes to Validate Such

September 22, 2026

Many of you are struggling with the ongoing costs associated with your LTD Company, when that Company is no longer trading but still owes money on a Bounce Back Loan. […]