Special Reports – Page 15 – Bounce Back Loan

British Business Bank’s Warning Confirmed: Directors Misusing Bounce Back Loans Face Disqualification and Repayment

As predicted, directors misusing Bounce Back Loans for personal gain face disqualification and repayment demands during liquidation, though some escape penalties. […]

Bounce Back Loan Liquidation Cases: Directors Punished for Turnover Fraud, Others Cleared

Liquidation reveals directors punished for inflating turnover to secure Bounce Back Loans, while some escape action, aligning with British Business Bank fraud predictions. […]

Legal Hurdles Hinder Recovery of Fraudulent Covid Business Grant Losses Issued by Local Councils

Recovering funds from fraudulent Covid business grants issued by local councils proves challenging due to complex legal obstacles, frustrating authorities. […]

Jeremy Hunt Vows Aggressive Fraud Recovery While Praising Bounce Back Loans for UK’s Swift Recovery

Chancellor Jeremy Hunt pledges relentless pursuit of Covid fraud funds, crediting Bounce Back Loans for powering the UK’s rapid economic rebound. […]

Authorities Ignore Scams Offering to Absorb Bounce Back Loan Companies, Aiding Director Convictions

Scams promising to take over Bounce Back Loan-owing companies for a fee go unchecked, indirectly assisting authorities in securing director convictions. […]

Insolvency Service Celebrates First £52,163 Compensation Order Against Director in High Court

The Insolvency Service rejoices after winning a landmark £52,163 compensation order against a director in the High Court for Bounce Back Loan misconduct. […]

British Business Bank Addresses Complaint Over Website Claim of Full Borrower Liability for Bounce Back Loans

The British Business Bank responds to concerns about their website’s claim that borrowers are always fully liable for Bounce Back Loan debts—read their reply. […]

Barclays Reinstates Bounce Back Loan After Shady Default Over Overdraft; Ombudsman Awards £50

Barclays defaults a customer’s Bounce Back Loan over an overdraft issue but reinstates it after backlash; the Ombudsman grants £50 in compensation. […]

Metro Bank Ordered to Reinstate Bounce Back Loan After £10 Default Dispute; Ombudsman Intervenes

Metro Bank’s tantrum over a £10 missed payment default is overruled by the Ombudsman, who orders the Bounce Back Loan reinstated and tells the bank to mature. […]

Director Banned 7 Years for Fraudulently Securing £50,000 HSBC Bounce Back Loan with Inflated Turnover

A director faces a 7-year ban after exaggerating turnover to fraudulently obtain a £50,000 HSBC Bounce Back Loan, far exceeding his £2,610 entitlement. […]