Special Reports – Bounce Back Loan

Yorkshire Scaffolder Mark Degnan Faces Jail After £100k Bounce Back Loan Scam: Repay in Full Within Six Months or Serve a Year Inside

56-year-old Pontefract scaffolding boss Mark Degnan, who dodged prison in January for fraudulently grabbing £100k in Bounce Back Loans, was ordered at Leeds Crown Court on Sept 15 to repay the full amount in six months or face 12 months behind bars […]

Finally, the Public Sector Fraud Authority Confirms Dispatch of Bounce Back Loan Recovery Notices Under the (as I have called it) BBL Summer of Love – BBL Winter of Regret Campaign

The PSFA has confirmed sending out letters demanding repayment of defaulted BBLs as part of their intensified initiative. Borrowers facing recovery actions should prepare for negotiations or disputes. This marks a shift toward aggressive enforcement in the post-pandemic era. […]

Ahead of the BBL Summer of Love – BBL Winter of Regret Campaign, the Public Sector Fraud Authority (PSFA) Updated (Again) Its Privacy Policy Today, the 16th of Sept 2025

As the PSFA gears up for intensified Bounce Back Loan recovery efforts, dubbed, by myself, the BBL Summer of Love – BBL Winter of Regret, they’ve revised their privacy guidelines. The update aims to balance data protection with fraud investigations. Borrowers should review changes amid upcoming enforcement actions. […]

The Public Sector Fraud Authority’s “Fraud Risk Assessment Accelerator” – The System Employed to Create Preliminary Bounce Back Loan Fraud Evaluations with Assistance from Deloitte LLP

The PSFA’s Fraud Risk Assessment Accelerator tool, developed with Deloitte LLP, streamlines initial reviews of potential BBL fraud. It generates draft assessments to identify high-risk cases efficiently. This technology plays a pivotal role in the authority’s anti-fraud strategy. […]

A Message for Those Trapped in Strike-Off or Dissolution Uncertainty: “The Government Is Required, Until Assured a Company Cannot Fully or Partially Repay Its BBL Debt, to File Objections with Companies House to Block Any Company’s Dissolution

Companies in dissolution limbo with outstanding BBLs face government objections to prevent closure until repayment feasibility is assessed. This policy ensures debts aren’t evaded through administrative dissolution. Borrowers should address liabilities promptly to avoid prolonged restrictions. […]

What’s the Lowest Monthly Payment I Can Propose for a Defaulted Bounce Back Loan? Explore the Regulations, Lender Obligations for £1, £10, £25 Repayment Schedules, and See a Sample Income/Expenditure Form

For those struggling with BBL defaults, lenders must consider even minimal monthly offers like £1 or £10 under affordability rules. The guide details how proposals are evaluated and includes a standard income/outcome template. Understanding these can aid in negotiating sustainable repayment plans. […]

Warning Issued – Set Up An Affordable Repayment Plan ASAP If You Over-Egged Your Turnover (Either by Mistake or Otherwise) to Get a BBL as You Have One Final Window of Opportunity to do the Right Thing Before No Nonsense Recovery Action Begins

Businesses that overstated their turnover—whether intentionally or by error—to secure a Bounce Back Loan are urged to establish an affordable repayment plan immediately. With a final, limited opportunity to rectify their situation, failure to act promptly could trigger aggressive recovery measures by lenders or the Insolvency Service, potentially leading to director disqualifications or legal action.
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Insolvency Service Bans 736 Directors and Issues 87 Bankruptcy Restrictions in 2024-25 for Bounce Back Loan Fraud

The Insolvency Service intensifies its crackdown, banning 736 directors and issuing 87 bankruptcy restrictions in 2024-25 for Bounce Back Loan fraud, signalling tough enforcement. […]

Lib Dem MP Charlie Maynard Calls for Government to Incentivize Lenders with Bonus for Recovering Bounce Back Loan Fraud Funds, Despite Guarantee Payouts, But Faces Pushback Over Lenders’ Reluctance Due to Reputational Risks

Lib Dem MP Charlie Maynard proposes bonuses to encourage lenders to recover Bounce Back Loan fraud funds, but banks resist, citing reputational risks despite guarantees. […]

Café Owner’s Struggle: Rachel Reeves’ Budget Forces Default on HSBC Bounce Back Loan

A café owner faces financial ruin, defaulting on an HSBC Bounce Back Loan due to pressures from Rachel Reeves’ budget, highlighting small business struggles. […]