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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Starling Bank Told to Pay Compensation After Incorrectly Closing a Customers Business Account But the Ombudsman Says They Were Allowed to Demand Back a BBL the Customer Got

July 18, 2022

You can see why Lord Agnew, the one-time Minister of State at the Cabinet Office and Her Majesty’s Treasury and many others associated with the Bounce Back Loan Scheme have resigned, when you read cases like this one. […]

HSBC and Starling Bank Approve and Pay Out a Bounce Back Loan Each to the Same Company Its Director Who Had Also Over-Egged the Turnover to Get Those BBL’s Gets a 10 Year Disqualification

July 18, 2022

Word has it, that Starling Bank and HSBC appear to be the two banks that have paid out the most duplicate Bounce Back Loans, of the 22,000 suspected duplicates, and today’s case, which is a common one, does seem to back that rumour up. […]

Barclays Paid Out a £46k BBL to a Company That Was Not Trading and Its Director Who Had Submitted Dormant Accounts for Three Years Ends Up with a 9 Year Disqualification for Blagging that BBL

July 18, 2022

A Company had an income of just £845 paid by the Director and even though he has submitted dormant accounts for three years, Barclays still paid out a £46k to the Company in today’s case, which resulted in a 9-year disqualification. […]

5 Year Disqualification for Company Director Who Did Not Use a Bounce Back Loan for the Benefit of the Business

July 18, 2022

One of the more lenient disqualifications to present to you today, which saw just a five year one being handed out to a Company Director who did not use a BBL for the benefit of the business. […]

Sole Trader Slapped with a 10 Year Bankruptcy Restrictions Order for Over-Egging His Turnover and Using His BBL for Personal Benefit

July 18, 2022

Whilst it may appear that it is Company Directors who are being hit with disqualifications when winding up their Companies with a BBL owing and wrongdoing comes to light, many Sole Traders have also taken the bankruptcy route thinking it’s a good way to get out of repaying their BBL. […]