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Subscriber Special – No Enforcement Action Expected For Most Bounce Back Loan Defaulters in 2024 or Beyond – Check to See Whether You Are Off the Hook or On the Radar for a Prison Sentence, Compensation Order and/or a Director Disqualification/Bankruptcy Restrictions Order

It is a question I do get asked day after day, and that question is whether anyone who has defaulted on their Bounce Back Loan is going to be facing enforcement action in the near future. So with that in mind in this article I will give you an insight into who is likely to have their collar felt in the weeks, months, and years ahead for not repaying a Bounce Back Loan, and those who won’t. […]

BBL Blaggers

Read a Signed Admission (I Have Been Sent from a Government Department) of a Business Owner Who Blagged Three Barclays Bounce Back Loans and Has Accepted Their Fate, That Being a 12 Year Ban

I was sent the following by a Government Department which relates to someone who Blagged three Bounce Back Loans from Barclays Bank. I thought I would post it up as some of you may find it of interest when wondering what happens to those who admit such and end up getting slapped with a ban: […]

Strike Off Blocks

Subscriber Special – The Government Have Just Been in Touch with Me About the Ping-Pong and Limbo-Land Many People are Experiencing with the Department for Business and Trade Blocking Strike Offs When a Company Has a Bounce Back Loan Owing – Read Their Official Response

I recently asked the Department for Business and Trade ”When people with a Bounce Back Loan take the “strike off route” with a BBL owing obviously BEIS/British Business Bank block it. Does that strike off just bounce backwards and forwards every […]

Subscriber Special 3

Bank Gets Their Backside Kicked for Defaulting a Customers Bounce Back Loan with the Ombudsman Saying She COULD Estimate Her Turnover and There Were NO RULES on How to Estimate It and HOW DARE YOU Accuse Her of Fraud

Hurrah! Ben the Ombudsman has finally (it has taken him quite some time) seen sense on “estimated turnover” Please read the following, it is long but digest it all. Including this bit “And it is important to note that there was no guidance as to how to calculate the estimate – including on what might (or might not) constitute a reasonable forecast.” […]