Detailed Guide to Bankruptcy and Debt Relief Restrictions for Sole Traders and Individuals, Including Bounce Back Loan Scheme Abuses
BBL Complaints Upheld
Co-Operative Bank Ordered to Pay £100 for Seizing Bounce Back Loan, Ombudsman Upholds Complaint
Co-Operative Bank seized a £50k Bounce Back Loan after closing an account for risk reasons. The Ombudsman upheld the complaint, ordering £100 compensation. […]
BBL Blaggers
Shaun Barrett the Director of Exaltra Ltd Slapped with a 9 Year Ban for Blagging a Second Bounce Back Loan for That Company, Which Should Have Been Impossible if Funding Circle Had Checked the BBL Database as Required
The Insolvency Service has banned directors who claimed Bounce Back Loans for companies with no trading activity. […]
Forced Liquidation
High Court Judge Orders Liquidation of Two Firms That Secured £100,000 in Bounce Back Loans and £1.5m from the Future Fund
A High Court judge mandates liquidation of two firms that fraudulently obtained £100,000 in Bounce Back Loans and £1.5M from the Future Fund. […]