Barclays Refuses Bounce Back Loan and Closes Accounts, Ombudsman Dismisses Unfair Treatment Complaint
Special Reports
Insolvency Service Confirms BEIS’s Odd Rule Under Kwasi Kwarteng: 8-Year Ban for Overstating BBL Turnover by Over 25% of Allowed 25% During Insolvency
BEIS’s strange rule, backed by Kwasi Kwarteng, slaps 8-year bans on directors for exaggerating BBL turnover during insolvency. We dissect this bizarre policy. […]
BBL Blaggers
11-Year Ban for Director Misusing £45k Barclays Loan After Turnover Fraud
A liquidator’s review exposed a director who overstated turnover to secure a £45,000 Barclays Bounce Back Loan and misused it, leading to an 11-year ban. Uncover the financial deception. […]
BBL Complaints Upheld
HSBC Ordered to Write Off Bounce Back Loan Due to System Error, Ombudsman Upholds Complaint
HSBC’s application system ignored a customer’s selection, causing a Bounce Back Loan error, and the bank hid the issue. The Ombudsman upheld the complaint, ordering the loan written off and compensation. […]