BBL Guarantees Yanked

Take a Look at the Letter You Will Get If Your Bounce Back Loan Is One of the 14,063 BBL’s That Have Been Assigned From the Government Back to a Lender Due to the Lender Having Either Asked for the Guarantee to be Removed or the Government Yanks It From the Lender for Dodgy Goings-On and What the Lender Will Do to Get Their Money Back from You

What happens to such loans, well once the Guarantee has been removed, the Lender will then have to write to you with what is known as Notice of Assignment a copy of which is below, and will then be faced with either trying to chase you personally for the BBL debt still outstanding, in some instances very aggressively, or write the BBL off. […]

BBL Complaints and Outcomes

HSBC Ordered to Back Off and Stop Hounding a Customer for Defaulting on His Company’s Bounce Back Loan as It Was Their BBL Application Platform That (Like the Post Office Horizon Platform) Was Riddled with Bugs, Errors and Defects and Stop Claiming What Was on the Application Form Was Irrelevant!

Here is another case of HSBC being slapped for their Post Office Horizon type problem with their BBL online application form, I am glad, after reporting on it for many, many years now, people are finally getting justice. […]

Subscriber Special Reports

After I Exposed Lenders and the Government Pushing People Towards “Support Groups” Who Tell Directors of Ltd Companies to Simply Strike Off Their Company When they Have an Unaffordable and Not Paid Back BBL, Leaving Directors in Limbo and at Risk of Financial Penalties or Worse, Updated Guidance Has Just Been Released

There is something of a problem in Whitehall, that was the making of the Government that needs addressing, and that is what to do with the huge number of Companies that have a Strike Off blocked and have been left in a limbo state due to that Company having an outstanding Bounce Back Loan debt. […]

 BBL Legal Advice
Additional Reading

Rachel Reeves Thanks Tom Hayhoe the Covid Corruption Commissioner During Her Budget, Whilst Allocating an Additional £25million to the Insolvency Service so They Can Investigate Dodgy Directors Including Those Who Shut Down a BBL Owing Company and Opened Another Identical Business

The funds will help pay for a new “Abusive Phoenixism Taskforce” which will be a 50 person unit tasked with investigating Directors who closed down one business to escape its debts only to open a new offering exactly the same type of services or goods, which is known as phoenixing into another new business. […]

Additional Reading

The British Business Bank Express Sympathy to Those Who Died and Experienced Mental and Physical Health Issues During the Pandemic and Beyond, Whilst the Cabinet Office Do the Opposite, Giving an Insight at the Covid Inquiry of How They Will Start To Chase Those Who Blagged the Public Purse

As you will see the Cabinet Office KC explains fraud isn’t as bad as it could be in the BBL scheme, and how the upcoming bill, due to be signed into law will give the Public Sector Fraud Authority lots of powers to chase anyone and everyone who robbed the Public Purse during the pandemic. […]