Todays News

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Hot Topic

Sarah from BEIS Forced to Admit She Lied to the Public Accounts Committee and Confirms Bounce Back Loan Lenders Can Call on the Guarantee Rapidly if a Borrower Cannot Repay – Writing Off a Bounce Back Loan Quickly and Easily

February 24, 2022

It is always good to see Government departments dragged in and grilled for telling big wobbly lies, and that is what Sarah Munby from BEIS was forced to experience yesterday in front of the Public Accounts Committee, and she revealed how easy it is for a Bounce Back Loan lender to claim on the guarantee for a BBL that a borrower cannot repay. In a previous appearance […]

The Disqualification Files

Company Director Gets a 9 Year Disqualification For Applying for and Getting a £50k Barclays Bounce Back Loan When Not Entitled to One and Using Most of the Funds for Personal Benefit Including Playing Poker

February 22, 2022

Today’s case that has resulted in a Company Director having just received a 9-year disqualification involved him applying for and getting a Bounce Back Loan which the Insolvency Service state he was not entitled, and using it for personal benefit, including playing poker. […]