Miss Three Bounce Back Loan Repayments? That’s When Unexpected Outcomes Might Occur for Borrowers
Special Reports
Ombudsman Clarifies Limits in Bounce Back Loan Complaints, Denying Court-Like Authority
The Ombudsman admits confusion over Bounce Back Loan complaints, stressing they can’t rule on legality, only fairness, in lender disputes. […]
Special Reports
Barclays Denies Sole Trader’s Third BBL for Additional Business, Ombudsman Awards £200 for Delay-Induced Distress
Barclays rejected a sole trader’s third BBL and delayed the decision, leading to a £200 Ombudsman payout. We unpack this case. […]
Summer of Love
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. […]