Originally posted by ladymuck
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Closing company down with bounce back loan (possible a mis selling scandal)
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by zeus tiktak View Postyes a "prat", an "idiot" that is trying to help thousands of business owners with no money and huge BBL liability.
no one let their business go bust, covid did that! 100% guarantee was a blatant lie to some, some people were panicked into taking these. the amount of emails i'm getting with people saying this is amazing, and justifies the existence of this thread.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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i'll update the thread once HMRC publish write off figures. until then lets hope people read this thread fully, and if applicable, challenge lender, hmrc and debt collector until it gets written off.Comment
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Originally posted by northernladuk View PostOP, why don't you furnish us with the exact details of your situation. What lead you to take the loan, what you did with it, why did you need to shut the company and default on the loan?
Things are only mis-sold if they were given in a situation they shouldn't have been. Maybe if you tell us why you took it and why you ended up closing the LTD we might understand a little better.Former IPSE member
My WebsiteComment
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over 400 people have emailed me over the multiple forums stating they believe the BBL were mis sold and they will be challenging the lender to claim on the gov guarantee. My story seems to have given quite a lot of people hope which is great. I dont care what the business owners have spent their money on, who are we to judge.
lets just leave it to HMRC to decide if they will write these off.Comment
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Originally posted by cannon999 View PostI think this guy is trolling. No way somebody can be this stupid.Comment
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Originally posted by zeus tiktak View Post
lets just leave it to hmrc to decide if they will write these off.See You Next TuesdayComment
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the average person does not understand how the process works, and this is the reason why you guys fail to understand why someone can believe they were mis sold BBL.
if the business doesn't pay the lender, the lender will eventually call in the debt management company. if the business does not pay the debt management company, the lender has no choice but to claim off the government. the government at this point either decides to pay the lender on the 100 guarantee or contest it the ds01 and not allow the company to dissolve. my case has proven, the gov will allow the debt to be written off and company to be dissolved. dont let other users on this forum tell you what can or cannot be done.
PPI and the loan charge scandals has shown when the small businesses come together they can take on HMRC quite easily.Comment
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Originally posted by zeus tiktak View Postthe average person does not understand how the process works, and this is the reason why you guys fail to understand why someone can believe they were mis sold BBL.
PPI and the loan charge scandals has shown when the small businesses come together they can take on HMRC quite easily.
What does PPI have to do with Loan charge?
What does HMRC have to do with PPI?
There maybe links here and there and something worthy of a discussion but put like that it's just a joke.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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