The Disqualification Files – Mr Bounce Back – Bounce Back Loan Complaints

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[ June 29, 2022 ] A 5 Year and 6 Year Disqualification Handed Out to Two Company Directors Who Left a Lloyds Bank and Metro Bank Bounce Back Loan Owing at Liquidation and Using The Funds from Those Loans for Personal Benefit The Disqualification Files
[ June 27, 2022 ] Another Person Banged Up for Abusing the Bounce Back Loan Scheme Todays News
[ June 26, 2022 ] Now Live – My Fireside Chat with the British Business Bank and UK Finance Fireside Chat
[ June 26, 2022 ] Mr Bounce Back “Fireside Chatline” Need Someone to Talk to? Give Me a Call Helpline
[ June 25, 2022 ] Today’s Roll Call of Five Bounce Back Loans That Have Turned Bad and the “Punishment” Handed Out to Recipients of Those Loans The Disqualification Files
[ June 24, 2022 ] RBS Declined a BBL Application Three Times Starting in May 2020 After Complaining to Her MP the Bank Approves Fourth Application Fast Forward 2 Years Later Ombudsman Finally Awards Increased Compensation BBL Complaints and Outcomes
[ June 22, 2022 ] Insight Into My Visit to the British Business Bank and an Overview of My Upcoming Fireside Chat With Them and My New Service to Help Any of You Who Just Need a Chat Todays News
[ June 22, 2022 ] Another Eight Bounce Back Loans Valued at £331,500 Go Bad With One Sole Trader Blagging Three BBLs Worth £124,500 When Only Eligible for One – Turns Out He Over-Egged His Turnover and Did Not Use the Funds to Help His Business The Disqualification Files
[ June 20, 2022 ] Despite Travel Chaos I Will be Filming My Latest Fireside Chat on Tuesday With the British Business Bank Todays News
[ June 20, 2022 ] Failure By HSBC to Update the Error Riddled Bounce Back Loan Database Resulted in Problems for a Business Owner Getting a BBL From Another Lender the Ombudsman Decides £400 in Compensation is Deemed Fair BBL Complaints and Outcomes
[ June 18, 2022 ] Ombudsman Decides Bank of Ireland (UK) Were Right to Decline a Bounce Back Loan to a Customer That Had His Original BBL Snatched Back By Starling Bank Due to them Accusing Him of Circumventing Their Banking Platform to Get a Higher Top Up Than He Was Allowed BBL Complaints and Outcomes
[ June 16, 2022 ] Ombudsman Does Have the Power to Force a Bank to “Replicate” a Bounce Back Loan Even Now That the Scheme is Closed If That Bank Made Errors When You Applied Leading to You Not Getting One BBL Complaints and Outcomes
[ June 16, 2022 ] 3 Year Disqualification for Director who Left a Bounce Back Loan Still Owing at Liquidation Who Failed to Register for VAT The Disqualification Files
[ June 16, 2022 ] Three More Bounce Back Loans Totalling £100k Including One From Barclays and One From Santander Turn Sour with 4, 6 and 7-Year Bans Handed Out The Disqualification Files
[ June 15, 2022 ] 3 Years 6 Months Disqualification Handed to a Company Director For a Whole Host of Wrongdoing Including Failing to Deliver Accounting Books to Help the Liquidator Work Out Where a £15k Santander Bounce Back Loan Went The Disqualification Files

June 29, 2022

A 5 Year and 6 Year Disqualification Handed Out to Two Company Directors Who Left a Lloyds Bank and Metro Bank Bounce Back Loan Owing at Liquidation and Using The Funds from Those Loans for Personal Benefit

June 29, 2022

Maybe one day in the future, someone, somewhere will realise that forcing businesses to close down and stop trading for long periods of time and filling people’s heads with stories of how they could die due to a nasty virus and telling them to apply for a Government backed business loan with very few questions asked and expecting some of those who got one of them not to act in ways they perhaps wouldn’t […]

Today’s Roll Call of Five Bounce Back Loans That Have Turned Bad and the “Punishment” Handed Out to Recipients of Those Loans

June 25, 2022

Whilst most people who sadly have to default on their Bounce Back Loan having not being able to repay them will see them written off as a credit loss, others who got one or more of those loans and used the funds against the terms […]

Another Eight Bounce Back Loans Valued at £331,500 Go Bad With One Sole Trader Blagging Three BBLs Worth £124,500 When Only Eligible for One – Turns Out He Over-Egged His Turnover and Did Not Use the Funds to Help His Business

June 22, 2022

The guarantee claims on Bounce Back Loans are being put in by lenders at a growing pace, and today another eight of those loans have turned bad, with the recipients of them being slapped by the Insolvency Service for all manner of wrongdoing, here are those cases. […]

3 Year Disqualification for Director who Left a Bounce Back Loan Still Owing at Liquidation Who Failed to Register for VAT

June 16, 2022

Another day, and another two Bounce Back Loans are left unpaid, one of those cases in today’s update saw a Director hit with a 3-year ban for failing to register for VAT. […]

Three More Bounce Back Loans Totalling £100k Including One From Barclays and One From Santander Turn Sour with 4, 6 and 7-Year Bans Handed Out

June 16, 2022

Over-egging turnover and using funds from Bounce Back Loans for personal benefit are some of the reasons the following business owners have been slapped with long disqualifications after they took the bankruptcy/insolvency route leaving those BBL’s left unpaid. […]

3 Years 6 Months Disqualification Handed to a Company Director For a Whole Host of Wrongdoing Including Failing to Deliver Accounting Books to Help the Liquidator Work Out Where a £15k Santander Bounce Back Loan Went

June 15, 2022

Compared to some of the disqualifications handed out for Bounce Back Loan wrongdoing, the 3 years and 6 month one in today’s case is quite lenient. […]

8 Year Disqualification Handed Out to Company Director For Applying For and Getting a £50k BBL When Only Eligible For a £10k HSBC Bounce Back Loan

June 15, 2022

As for whether people are getting away with taking the insolvency route when they took out a BBL and left it unpaid at liquidation, when for example they over-estimated their turnover to get that loan, well over-estimating by more than an additional 25% of the 25% 2019 turnover figure used to determine a BBL’s value is deemed to be the tolerance limit before a long disqualification is handed out, as you will see in the case below. […]

Another Four Bounce Back Loans Go To BBL Heaven, One Used to Fund a Feature Wall and Bathrooms, One Acquired By Over-Egging Turnover Used to Pay Off a Personal Loan and the Other Two Acquired By One Person Were Used to Trade Cryptocurrency

June 12, 2022

The roll call of one-time business owners, and some who didn’t even own a business who took out one or more Bounce Back Loans and left them unpaid at insolvency/bankruptcy is growing, and here are a few more cases that involve some form of wrongdoing that was uncovered with those BBLs. […]

Company Director Hit With a 6 Year Disqualification For Not Providing to the Liquidator Financial Records to Allow Them to Work Out What a Bounce Back Loan Was Spent On.

June 9, 2022

Barclays have seen another of their Bounce Back Loans go up in flames, as you will see in today’s case which resulted in another of their Business Customers being slapped with a 6-year disqualification. […]

Barclays Customer Who Would Have Flown Under the Radar If They Had Made Repayments on Their BBL Even After Over-Egging His Business Turnover Ends Up Taking Insolvency Route and Gets an 8 Year Disqualification

June 6, 2022

Today’s case shows once again the madness of the Bounce Back Loan scheme, for it gives an insight into a Barclays customer who took out a £50k BBL but took the insolvency route and has just been handed an 8-year disqualification. Keep in mind that a Barclays boss has stated if you did over-egg the turnover but continue to repay you are not classed as a fraudster. […]