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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The Disqualification Files

Leaving His Company With No Assets at Liquidation Having Been Found to Have Used a TSB Bounce Back Loan for Personal Benefit Sees a Company Director Get a 6 Year Disqualification

July 26, 2022

I just know there are lots of Company Directors across the land who thought it was a clever idea to get a BBL, then take the insolvency route in the hope they could just get it written off having spent the money on themselves and not the business who are now regretting it. […]

BBL Complaints and Outcomes

Barclays Told to Pay £500 Compensation to a Customer Complaining They Had Unfairly Declined Their Bounce Back Loan – They Then Finally Approve the BBL and It Is Drawn Down Nearly a Year AFTER the BBL Scheme Closed

July 25, 2022

This in an interesting case in which someone got a BBL finally approved and could draw it down earlier this year, (keep in mind the scheme ended to applications back in 2021), after shocking treatment from Barclays who declined their original application, and the customer has also just been awarded £500 compensation too. […]

The Disqualification Files

A Lenient 6 Year Disqualification Given Out to a Company Director Who Used Around 90% of His Company’s Clydesdale Bank Bounce Back Loan for Personal Use and Left It Owing at Liquidation

July 25, 2022

I have not seen that many Clydesdale Bank Bounce Back Loans turning sour, however I am sure there will be some working their way through the system. Here are the details of one of their BBLs that will be paid back to them by the Government Guarantee and saw a Company Director being hit with a 6-year disqualification for wrongdoing. […]

The Disqualification Files

A 6 and 7-year Disqualification Given to Co-Directors Who Overstated the Turnover of Their Business to Bag a Bounce Back Loan and Made Payments Not For The Benefit of the Business Using the BBL Funds

July 25, 2022

If you have been following the number of disqualifications that I have been tracking handed out to Company Directors recently, you will notice overstating turnover and not using a BBL for the benefit of the business are two of the main reasons a disqualification will be handed out when a business goes into liquidation, and here is another of those cases. […]