Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

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Three Individuals Given Bankruptcy Restrictions Orders for Bounce Back Loan Abuse Including One Who Whilst Eligible for a £38k BBL Ended Up Paying Off Personal Debts With It and Gambling It Away

November 3, 2022

It has been a while since I have seen any non-Company Directors given Bankruptcy Restrictions Orders (BRO’s) for BBL wrongdoing, however three have just been and as such here is what each of them got up to. […]

Barclays Head to the Courts to Seek Winding Up Orders Against Companies That Outrageously Blagged Them Out of Bounce Back Loans and Company Directors That Also Legged It

November 2, 2022

The rules for recovery and the enforcement of unpaid Bounce Back Loans are quite clear, and that is it is the job of the Lenders to, and in exceptional circumstances, seek enforcement of those unpaid loans. […]

Despite Being Told by a NatWest Manager They Were Eligible to Apply for a Bounce Back Loan, Ben the Ombudsman Says the Bank Was Right to Demand Back the £40k BBL They Paid Out and Tosses Aside the Complaint

November 2, 2022

The Financial Ombudsman Service are still awash with BBL related complaints, and that isn’t likely to change any time soon, here is another complaint that was not upheld related to NatWest demanding back a BBL. […]

Director Given an 11 Year Disqualification for Getting a £50k Barclays Bounce Back Loan and Leaving it Unpaid at Liquidation By Claiming His Business Turnover Was £600,000 When It Was In Fact £0

November 2, 2022

A Barclays Bounce Back Loan is what this case revolves around, which as you will see, the Director involved got by claiming his business turnover was £600,000 when it was in fact zero. The upshot of the wrongdoing listed is he is now starting an 11 year ban. […]

Director Given a 9 Year Disqualification for Getting a £50k Barclays Bounce Back Loan and Leaving it Unpaid at Liquidation By Claiming His Business Turnover Was £200,000 When It Was In Fact £26,200

November 2, 2022

It is the Insolvency Practitioner who will forensically look into the accounts of a Company when it is taking the Insolvency route and will be required to alert the Insolvency Service if any wrongdoing is uncovered. The Director named below is now starting a 9 year ban for the wrongdoing outlined below. […]