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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6 Year Disqualification for Director Who Self Certified His Company Turnover Was £230k to Secure a £50k RBS Bounce Back Loan When In Fact the Turnover Was Around £5k

April 20, 2022

Here are the details of another Company Director that massively over-egged his Company turnover to bag a £50k BBL from RBS and then used that loan for among other things, personal use. […]

Barclays Confirm That in Total They Approved 345,006 Bounce Back Loans Worth £10.818 billion That Were Subsequently Drawn Down

April 20, 2022

For those of you that like facts and figures, here […]

Using £5k of a £50k Lloyds Bank Bounce Back Loan for a Personal Mortgage Payment at the Halifax and Paying £45k To Himself Having Over-Egged His Turnover in the First Place When Applying for that BBL Results in a Company Director Getting a 9 Year Disqualification

April 19, 2022

Overstating the turnover of a business to get a Bounce Back Loan and using any of that loan for personal benefit is always going to see the Insolvency Service getting rattled and handing out a long disqualification if that business ends up in liquidation. Today’s case ticks all of those boxes and saw a Company Director hit with a 9-year disqualification. […]

A 4 Year and a 6 Year Disqualification for Not Using Two BBL’s for the Benefit of Those Businesses, and an 11 Year Disqualification for Massively Over-Egging “Estimated Turnover” Figure to Get a BBL

April 18, 2022

There does appear to be no consistency when it comes to the length of disqualifications handed out when a business owner takes the insolvency route with a Bounce Back Loan still owing, as today’s three cases will reveal. […]

Ombudsman Does Not Uphold Complaint in Which HSBC With No Reason Given Snatched Back £18k from a Customer’s Account Balance and Demanded Repayment of the Rest of a £50k Bounce Back Loan

April 17, 2022

Hiding behind their terms and conditions has enabled many a bank, including HSBC, to simply snatch the balance from any customers account to offset a Bounce Back Loan which they are also demanding full repayment of. The Ombudsman as you will see in today’s case, often determines when someone makes a complaint, that is the banks right and does not uphold such complaints. […]