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  • [ October 25, 2021 ] 6 Year Disqualification for Leaving Liquidator Unable to Determine if ATM and Over the Counter Cash Withdrawals of BBL Funds Were for Personal Benefit or for the Benefit of the Business and 9 Year Disqualification for Securing a BBL When Business Had Ceased Trading and Was Insolvent Premium Content
  • [ October 24, 2021 ] Government Commissions Company Employing Ex-Mi5 Head Jonathan Douglas Evans as An Advisor to Track Down Bounce Back Loan Wrongdoers – Read the Contract More Scrutiny of BBLs
  • [ October 23, 2021 ] Another £25,000 BBL Turns Sour Resulting in a 5 Year BRO and the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill “Committee Stage” Scheduled for the 10th November 2021. Premium Content
  • [ October 22, 2021 ] Capital on Tap Issued BBL Goes Sour with Company Director Hit with a 5 Year 6 Months Disqualification for Using His Bounce Back Loan Funds for Personal Benefit Premium Content
  • [ October 22, 2021 ] Newspapers Start Splashing Faces of BBL Wrongdoers Across the Pages of their Publications – Do Not Panic If You Have Done Nothing Wrong Todays News
  • [ October 21, 2021 ] Lord Sikka Reveals Corrupt Insolvency Practitioners, Insolvency Service Problems, Companies House and Italian Mafia Bosses and Loopholes in the Supposed Loophole Closing Bill That Aims to Hit Company Directors Hard for Bounce Back Loan Wrongdoing BBL Loopholes
  • [ October 20, 2021 ] Another 18 Bounce Back Loans Turn Sour Adding Another £718,353.33 to the Government Guarantee Bill Premium Content
  • [ October 20, 2021 ] Britain’s Day of Shame as Extension of the Coronavirus Act Sails Through with MPs Not Arsed to Force the Matter to a Vote by Turning Up to Object, and Those That Did Loudly Mocked and Laughed at the One MP Who Did Object Coronavirus Act
  • [ October 20, 2021 ] Two Directors Hit with 6 and 7 Year Disqualifications for Failing to Satisfy the Insolvency Service That Their Santander and Barclays BBLs and Were Used for the Benefit of their Businesses After Winding Up Those Companies Premium Content
  • [ October 19, 2021 ] Bounce Back Loan Defaults Tracker – Current Total: 70 BBLs Worth £2,566,267.33 Popular Posts
  • [ October 19, 2021 ] Bounce Back Loan FOS 2020/2021 Complaints and Outcomes Tracker – Total Complaints 1257 Popular Posts
  • [ October 19, 2021 ] MPs and Lords With Interests in Government Backed Loan Lenders: Total 42 Popular Posts
  • [ October 19, 2021 ] Swoop Funding Admit BBL Scheme Was About “Putting Out the Fire and Surviving” and Claim the Recovery Loan Scheme is Proving Successful Now More Lenders Are Onboard and Starling Bank Say a “New Son” of the Recovery Loan Scheme May Be Around the Corner Todays News
  • [ October 18, 2021 ] House of Commons Library BBL Document was Riddled with Inaccuracies and Suggests Sole Traders Should Ask Their Bank If They Can Pay Themselves an Income with Their Bounce Back Loan as the “Banks Set the Rules” Premium Content
  • [ October 17, 2021 ] A British Business Bank Survey and My Polls Reveal Rishi “Show me the Data” Sunak Needs to Wake Up and Smell the Coffee and Make Some Changes to the BBL Scheme in His Autumn Budget – Here is That Data Rishi Todays News
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October 25, 2021
HomeOther UpdatesWorried About Consequences of Transferring Your BBL Funds to Another Bank? Don’t Be!

Worried About Consequences of Transferring Your BBL Funds to Another Bank? Don’t Be!

Other Updates, Premium Content
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Another 30,629 SME’s Secured a Bounce Back Loan

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  • 6 Year Disqualification for Leaving Liquidator Unable to Determine if ATM and Over the Counter Cash Withdrawals of BBL Funds Were for Personal Benefit or for the Benefit of the Business and 9 Year Disqualification for Securing a BBL When Business Had Ceased Trading and Was Insolvent
  • Government Commissions Company Employing Ex-Mi5 Head Jonathan Douglas Evans as An Advisor to Track Down Bounce Back Loan Wrongdoers – Read the Contract
  • Another £25,000 BBL Turns Sour Resulting in a 5 Year BRO and the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill “Committee Stage” Scheduled for the 10th November 2021.
  • Capital on Tap Issued BBL Goes Sour with Company Director Hit with a 5 Year 6 Months Disqualification for Using His Bounce Back Loan Funds for Personal Benefit
  • Newspapers Start Splashing Faces of BBL Wrongdoers Across the Pages of their Publications – Do Not Panic If You Have Done Nothing Wrong
  • Lord Sikka Reveals Corrupt Insolvency Practitioners, Insolvency Service Problems, Companies House and Italian Mafia Bosses and Loopholes in the Supposed Loophole Closing Bill That Aims to Hit Company Directors Hard for Bounce Back Loan Wrongdoing
  • Another 18 Bounce Back Loans Turn Sour Adding Another £718,353.33 to the Government Guarantee Bill
  • Britain’s Day of Shame as Extension of the Coronavirus Act Sails Through with MPs Not Arsed to Force the Matter to a Vote by Turning Up to Object, and Those That Did Loudly Mocked and Laughed at the One MP Who Did Object
  • Two Directors Hit with 6 and 7 Year Disqualifications for Failing to Satisfy the Insolvency Service That Their Santander and Barclays BBLs and Were Used for the Benefit of their Businesses After Winding Up Those Companies
  • Bounce Back Loan Defaults Tracker – Current Total: 70 BBLs Worth £2,566,267.33
  • Bounce Back Loan FOS 2020/2021 Complaints and Outcomes Tracker – Total Complaints 1257
  • MPs and Lords With Interests in Government Backed Loan Lenders: Total 42
  • Swoop Funding Admit BBL Scheme Was About “Putting Out the Fire and Surviving” and Claim the Recovery Loan Scheme is Proving Successful Now More Lenders Are Onboard and Starling Bank Say a “New Son” of the Recovery Loan Scheme May Be Around the Corner
  • House of Commons Library BBL Document was Riddled with Inaccuracies and Suggests Sole Traders Should Ask Their Bank If They Can Pay Themselves an Income with Their Bounce Back Loan as the “Banks Set the Rules”
  • A British Business Bank Survey and My Polls Reveal Rishi “Show me the Data” Sunak Needs to Wake Up and Smell the Coffee and Make Some Changes to the BBL Scheme in His Autumn Budget – Here is That Data Rishi
  • Using Funds from a Bounce Back Loan for Crypto Trading Lands Sole Trader with a Six Year Bankruptcy Restrictions Order
  • Two Recent Financial Ombudsman Service Determinations Regarding a Royal Bank of Scotland and a Bank of Scotland BBL Related Complaint – They Find Errors Were Made by The Banks But Do Not Uphold Complaints
  • Questions Put to The Government Since August 2021 and the Official Responses Regarding Bounce Back Loans – Including a Proposal for Another 12 Month Delay on Repayments
  • Three Company Directors Hit With 6 Year Disqualifications When Winding Up Their Companies for Using Funds From 2 Santander BBLs Worth £23k and £29k and a Lloyds Bank BBL Worth £25k For Personal Benefit
  • Company Director Gets a 9 Year Disqualification Upon Winding Up Business for Obtaining a Starling Bank BBL Worth £25k and a £25k Top Up When It is Revealed His Turnover for 2019 Was Zero and He Used BBL Funds for Personal Benefit
  • Traffic Commissioner Calls a Public Inquiry and Subsequently Revokes Hauliers Operating Licence After Deciding Among Other Things the Business Owner Was Not Eligible for a BBL Some of Which Was Spent on Shoes, Food and Taxing His Car
  • World Mental Health Day – If You Were Forced, Coerced or Needed to Take Out a Bounce Back Loan Spend Some Time Today Making Sure That Loan Is Not Causing Your Mental Health to Suffer For It May Just Be
  • Got One or More Bounce Back Loan(s) for Your Business(es)? Then Make a Data Subject Access Request with Cifas to See if Any Lender in That Scheme Has Given You a Fraud Marker
  • Over-Egged Turnover, Claiming Business Was Not in Difficulty When Applying for a Barclays BBL When it Was and Using the BBL for Personal Benefit Lands Company Director with a 9 Year Disqualification
  • Breaking News – Financial Ombudsman Service Sound the Alarm Bell and are in a Mad Panic to Employ More Staff to Handle the Expected Avalanche of Additional Bounce Back Loan Scheme Complaints
  • Another Example of the Financial Ombudsman Unable to Intervene When a Bank Blocks an Account and Snatches Back a Bounce Back Loan But Fails to Explain Why
  • Insolvency Service Hands Out Another 6 Year Disqualification to Company Director For Using Most of a £42k Barclays Bounce Back Loan For Personal Benefit
  • Ombudsman Feels £300 is Fair For Delays Endured by HSBC Customer Applying for a CBILS Who Ended Up with a Bounce Back Loan
  • Simple Loophole Ensures Banks Can Block Your Bank Account and Snatch Back any Funds Including Bounce Back Loan Funds in That Account at Any Time and the Financial Ombudsman Will Shrug Their Shoulders
  • 5 Year BRO for Indian Takeaway Owner Who Transferred a £50k BBL to a Family Member for No Apparent Reason – 8 Year BRO For Man Who Secured a £50K BBL for a Partnership That Had Ceased Treading Before the BBL Scheme Launched – Co-Directors Hit with a 7 Year Disqualification
  • British Business Bank Fail to Reveal Just How Many Recovery Loans Have Been Approved – Even When They Were Out Cavorting with Finance Brokers in Birmingham Yesterday BBC’s Naga Munchetty Couldn’t Get Them to Reveal the Figures Either
  • 7 Year Disqualification for failing to Maintain and/or Preserve Accounting Records Making it Impossible For the Insolvency Service to Verify if a Grant and Lloyds Bank BBL Were Used for Benefit of Company or if Turnover Was High Enough to Warrant a £20k BBL
  • Insolvency Service Unable to Determine if a Starling Bank BBL Was Obtained Legitimately and Why Company Was Not Registered for VAT Given Director Applied for a £50K BBL Requiring a Minimum £200k Turnover – Upshot 7 Year Disqualification
  • Company Director Used a Lloyd’s Bank Bounce Back Loan to “Sustain Daily Living Costs” and Insolvency Service Disqualify Him for 6 Years Upon Liquidation of the Company
  • My Misconduct in Public Office Complaints Against Rishi Sunak and Alok Sharma and 20 Members of the House of Lords the Outcome

Mp’s Put SME’s at Risk

  • MPs Squabbling in the House of Commons Over the Sordid Greensill Affair Leaves SMEs Fearful for Their Personal Safety

Another Scandal

  • Urgent Warning Recovery Loan Applicants – HM Government Scheme Designed to Farm You Off to High Interest Rate Lenders When Declined

Worried About Repayments?

  • Worried About Bounce Back Loan Repayments? Come Over here Let’s Chat

MPS WALL OF SHAME

  • MP’s Wall of Shame or Wall of Fame – List of MP’s Who Can Urgently Address the Bank Referral Scheme (Government Approved “Loan Sharks”)

Bounce Back Loan News Updates

  • Cut Off Day Announced for Lenders to Process Bounce Back Loans Still in Their Systems
National Audit Office
  • National Audit Office Investigation into the Bounce Back Loan Scheme
  • My Input Into the National Audit Office Investigation into the BBL Scheme
  • I’ve Offered My Input Into the NAO Bounce Back Loan Investigation
Random Success Stories
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BBL Personal Experiences
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Random BBL News Stories
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