Winter of Regret – Bounce Back Loan

Explore the Results of One Early Test Run of the “BBL Winter of Regret” – More Than 100 Firms Liquidated, with Legal Financiers Pursuing the Directors – Find Out the Total Amount Recovered – If Your Business Faces a BBL-Linked Dissolution Restriction and You Defrauded the Scheme, This (or Something Harsher) Awaits You

The first “BBL Winter of Regret” pilot targeted 100+ firms with BBL red flags, unleashing court action and then litigation funders to pursue directors personally. […]

The British Business Bank (BBB) in a Recent Statement Advises Those with Bounce Back Loan-Associated Company Dissolution/Strike-Off Holds to Consult Their Lender (Who Frequently Take No Action), Since the BBB Cannot Provide Help in These Situations – I’ve Suggested a Fix

In a recent update, the British Business Bank (BBB) advised BBL-impacted firms with strike-off blocks to contact lenders directly, admitting their hands are tied on dissolutions. […]

Shabana Mahmood, in Her Previous Role as Secretary of State for Justice, Revealed That Convicted Offenders, Such as BBL Fraudsters, May Face Bans from Bars, Live Events, and Athletic Venues, Plus Restrictions on Driving, Travel Prohibitions, and Confinement to Designated Zones via Expanded Sentencing Options

Shabana Mahmood unveiled expanded sentencing, targeting fraud convicts like BBL blaggers with “lifestyle restrictions.” […]

If Your Bounce Back Loan Provider Mailed You Any of These Notices and You Dismissed Them – As Numerous Recipients Did – It’s Highly Likely the Public Sector Fraud Authority Has Flagged You and Will Reach Out Soon – Examine the Correspondence

Ignored that demand letter from your BBL lender? You’re likely on the PSFA’s shortlist for follow-up. […]

Change of Procedure to Ensure Genuine (or Fake) “Vulnerable Individuals” from Evading Scrutiny in the BBL Winter of Regret, Official Receivers Now Have Revised Instructions for Questioning Them, Such as in Probes into Suspected BBL Misconduct and Similar Violations

To close loopholes exploited by fraudsters posing as “vulnerable,” Official Receivers now follow updated guidance under the Insolvency Service, sharpening interviews for BBL probes. […]

The Public Sector Fraud Authority’s Single Network Analytics Platform (SNAP), is currently Churning Through the BBL Naughty List, Matching Up Connected Companies, Past and Present Company Directors, and Working Out How Many Additional, Not Yet Reported FCA Regulated Firms There are That Blagged the Bounce Back Loan Scheme

The PSFA’s cutting-edge Single Network Analytics Platform (SNAP) is sifting through millions of records in the BBL “naughty list,” uncovering hidden networks of fraud. […]

Here is the Wording of the Bounce Back Loan Recovery Letters That Will Be Sent Out Offering BBL Blaggers the Option to Come to an Agreement to Repay the BBL Funds They Blagged and Will Not Face Any Legal Proceedings if an Agreement is Agreed – During the BBL Summer of Love – BBL Winter of Regret

As part of the “BBL Summer of Love” phase, recovery letters from lenders and the PSFA are landing on doormats, providing a last-chance olive branch to those who fraudulently obtained Bounce Back Loans. […]

Your Operator License Can Be Cancelled if a Traffic Commissioner Learns You Committed Fraud, Like Inflating Your Revenue to Secure a Bounce Back Loan or Diverting BBL Proceeds – Review the Examples of Those Affected

Traffic Commissioners are continuing to crack down, in their own unique way, on BBL fraud in haulage, revoking operator licenses for turnover inflation or fund misuse […]

The Standard Notice/Verification You’ll Get After Establishing a Manageable Repayment Arrangement on an Overdue Bounce Back Loan Amid the “BBL Summer of Love” – Adhere to the Monthly Payments as Stipulated, and You’ll Avoid Issues

Upon agreeing to a repayment plan in the “BBL Summer of Love,” expect this confirmation […]