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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11 Year Disqualification for Company Director Who Blagged a £50k Bounce Back Loan Months After His Business Ceased Trading

July 5, 2022

Some of the rules of the Bounce Back Loan scheme were somewhat confusing for many people, but not all rules were confusing, and the Insolvency Service has decided the best punishment for the Company Director in today’s case was an 11-year ban for he really should have known he his business was not eligible for a BBL. […]

Over-Egging Turnover and Using Most of a £36k Yorkshire Bank Bounce Back Loan for Personal Benefit Lands Company Director with a 7 Year Disqualification

July 5, 2022

Some business owners could estimate their turnover to get a Bounce Back Loan, but not the one in today’s case that had been trading for decades. Over-egging the turnover and using most of a BBL for personal benefit and leaving it owning at liquidation has seen him just receiving a 7-year disqualification. […]

Breaching the Terms of the Bounce Back Loan Scheme in Regard to a £20k BBL Sees Company Director Hit with a 10 Year Disqualification

July 4, 2022

If there was ever a bingo card for Bounce Back Loan wrongdoing, the Company Director in the following case would have got a full house. […]

Sole Trader Applied for a Feeder Account in July 2020 with HSBC By the Day of the Scheme Ending March 31st, 2021, They Hadn’t Processed It So He Missed Out – Ombudsman Awards Him £500 Compensation As He Says Having Looked At His Tax Return, He Didn’t Qualify for a £50k BBL Anyway

July 3, 2022

The title of this BBL related complaint gives you an idea of what the case revolves around, perhaps the applicant made a mistake or could have applied elsewhere for a BBL if HSBC had done things on time, who knows, anyway have a read, and see what you think about it. […]

HSBC Declined a Customers BBL Application He Then Submits a Second But Amended One They Toss It Aside Without Reviewing It Thinking it Was a Duplicate – Ombudsman Says He Can Have £100 Compensation For the Bank Says They Would Have Declined the Second One If They Had Properly Assessed It Anyway

July 3, 2022

Missing out on a Bounce Back Loan due to bank errors and a lack of information from them was something no end of people experienced during the BBL scheme, and this case highlights the stress and suffering caused by banks such as HSBC. […]