Subscriber Special

The Insolvency Service Refuses, On the Grounds of Befuddlement and Then Cost, to Give Figures on the Number of Company Directors Who Have Successfully Appealed a Decision to Ban Them for Bounce Back Loan Wrongdoing

As you take a look around this website, you will see information on hundreds of Company Directors who have been slapped with a ban for Bounce Back Loan wrongdoing after taking the Insolvency route. I have spoken to one person and their solicitor that had their ban overturned on appeal, so I know they exist, so I decided […]

Subscriber Special

As the Taxpayer Protection Taskforce Get Ready to Disband, Tales of the Hoops They Make SME’s Jump Through to Verify They Were Eligible for SEISS, the Eat Out to Help Out and the Job Retention Schemes Continue to Come In – Here is One of the Letters They Send Out

Having been set up in a blaze of glory, the main tasks of the Taxpayer Protection Taskforce were to go hunting down those who blagged the SEISS, Job Retention and Eat Out to Help Out Schemes. Let’s face it, many […]

Subscriber Special

Outrageous Bounce Back Loan Blagger Given a 15 Month Prison Sentence Suspended for 18 Months – Even Though He Repaid the BBL in Full When His Wrongdoing Had Been Rumbled

It is one thing being unable to repay your Bounce Back Loan, and for the record you will find most lenders being quite sympathetic if you can’t, but another when you set out to scam the scheme from the get-go, and the chap in the case below got off light, as he could have easily ended up doing some jail time, and he still may do if he reoffends again. […]

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BBL Lender Uses “SWAT Team” / “Bounty Hunters” to Go Tracking Down Ne’er Do Wells Who Scammed Them Out of Bounce Back Loans for a Share of Any Recoveries – Early Results Reported as Being “Impressive”

Not sure how to describe the group that one major BBL Lender has teamed up with to recover dodgy Bounce Back Loans, I am stuck between “Swat Team” or “Bounty Hunters”, but either way they have been getting some impressive results very recently […]

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You Should NOT Be Pursued for More Than 12 Months for the Recovery of an Unpaid Bounce Back Loan – Read and Watch the Official Statements / Comments from BEIS, the Financial Conduct Authority, and the National Audit Office

This will be of interest to anybody that has sadly defaulted on their Bounce Back Loan and will help you sleep well at night. Here are official comments and statements from Government Departments confirming that 12 months is the time limit chosen as the cut off point for any BBL Lender or their nominated debt collectors to try and pursue BBL recoveries. […]

Subscriber Special

Had a Recent Letter from Your Bank Requesting Additional Information About Your BBL or Business? If So Read This Strategy Adopted By BEIS For The Recovery of “Irregular” Bounce Back Loan Payments As It May Explain It

Here is the latest from the Department for Business, Energy & Industrial Strategy on how they are tackling recovering fraudulent Bounce Back Loans, or as they prefer to call them “irregular loan payments”. You may find this helpful if you have suddenly received out of the blue a letter from your bank requesting additional information about your Bounce Back Loan, years after you applied for it and got it. […]

Subscriber Special

New Figures Reveal Over 29% of All Bounce Back Loans Have Already or are Showing Signs of Being Defaulted On Including Some Which Lenders Have Silently Written Off

What better day to release the latest facts and figures about Bounce Back Loans, than on the day the new Prime Minister is announced, and it was yesterday at around 5pm those figures were released, which as you will see below, they reveal some shocking facts about the BBL scheme and current status of many loans. […]