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. […]

2026

Take a Look at How the Public Sector Fraud Authority Intend to Punish Anyone, Including Covid Business Grant Scammers and Bounce Back Loan Blaggers Using Civil Penalty Powers – Early Indicators Are That BBL Blagging Will be Deemed to be a Low Level Fraud with Minimal Penalties

Have a good read through of the following document, as it is going to give you an insight into how the Public Sector Fraud Authority are proposing to classify fraud and the punishments doled out to for example Bounce Back Loan Blaggers and/or Covid Business Grant blaggers. […]

 BBL Legal Advice
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. […]

2026

Government Ministers Celebrate Appeal Court “Immediate Custodial Sentences ARE Necessary for BBL Blaggers” Ruling, and the Proposed Removal of Juries from Trials, the King Signing Into Law the Public Authorities (Fraud, Error and Recovery) Bill and BBL Enforcement Action Begins – This is Your Last Chance to Protect Yourself

It is as if the planets have all aligned to spell disaster for anyone who may have blagged a Bounce Back Loan, as the stage is now legally set for those that did to face immediate custodial sentences if found guilty of such in court. […]