Buying a couple of cars for private not business use using funds from a £50k Starling Bank Bounce Back Loan which were acquired for a dormant company with no turnover, lands Company Director with a 6-year disqualification. […]
Approving then declining someone’s Bounce Back Loan was an evil trick Metro Bank were best famed for, however this case sees Barclay’s also pulling that trick on one of their distraught customers. […]
Another three Companies have been wound up with Bounce Back Loan wrongdoing having been discovered at liquidation, as you will see in today’s cases, the Directors of those businesses have been hit with long disqualifications for wrongdoing associated with those loans, including over-egging turnover and not being eligible for a BBL in the first place. […]
I have put together this guide to give you an insight as to the reasons a Company Director will be hit with a disqualification and why they will be handed one and the length of the disqualifications that can be given out, including any Company Director found to have abused the Bounce Back Loan and/or the CBILs, CLBILS Schemes. […]
This Guide to Bankruptcy and Debt Relief Restrictions Orders and Undertakings looks at what happens when a Sole Trader or an Individual takes the bankruptcy route, and what can happen if any wrongdoing is discovered including abusing the Bounce Back Loan scheme. […]
This case highlights what happens when a business owner blags two BBLs for their one single business then takes the insolvency route. Shockingly the second BBL was approved AFTER the database was in place for banks to check if any BBL applications were duplicates. […]
As the audits continue of the Bounce Back Loan scheme, and the men and women armed with calculators try and work out just how much fraud has gone on in that loan scheme, and whilst banks and the Government try and work out what fraud is in the first place, some interesting facts and stats are coming to light. […]
It was an open secret that some people bought an “off the shelf” Company with the aim of using it to bag a Bounce Back Loan, in fact, at the time of the BBL scheme being open to applications many people were outrageously advertising them for sale online for that purpose, but with a hugely increased purchase price. As for what is going to happen to those people […]
It is always good to see Government departments dragged in and grilled for telling big wobbly lies, and that is what Sarah Munby from BEIS was forced to experience yesterday in front of the Public Accounts Committee, and she revealed how easy it is for a Bounce Back Loan lender to claim on the guarantee for a BBL that a borrower cannot repay. In a previous appearance […]
Well, after over 7 months of being treated like a bag of old sh*t by Government Departments and a certain bank, I am letting you know that all traces of my Bounce Back Loan have vanished and it has been written off. Before I start, once again, I wish to thank my website subscribers whose support has helped me survive my nightmare journey, and my hope now is those unable to repay their BBL or put into a position in which they cannot repay have their BBLs written off too. As you will […]
Copyright © 2020 - 2024 | Mr Bounce Back | Contact | Disclaimer | Privacy Policy | Corrections and Updates | Terms and Conditions |