Reply to: Closing company down with bounce back loan (possible a mis selling scandal)

[cojak]

This has been a right laugh of a thread to catch up on. We haven't had one like this in ages.

Such a shame NF hasn't fixed thread moving yet (or has he?)

Sadly not, else we would have moved it to General.

[cojak]

There’s no more to say here, I can’t see the point of this thread staying open.

Thread locked.

[cannon999]

Surely this is trolling.. He keeps using the acronym BBL...

BBL

BBL...

Who could possibly know what that letter stands for..

[zeus tiktak]

at this point people have all the information they need on this thread to challenge the BBL and get it written off and company closed. Lets just wait for HMRC to publish figures to show us how much they agree ....either they see it as a loan or grant. Most people knew these were grants in disguise - to stop the public uproar. HMRC will say "they tried to recover BBL, but due to covid there isnt much they can do"

[northernladuk]

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..

Come on then. Tell us your exact situation so we can understand.

[northernladuk]

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.

The less than average think that the BBL is a grant. How can you be mis-sold a BBL when you aren't buying anything?

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 small businesses?
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.

[zeus tiktak]

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.

[Lance]

lets just leave it to hmrc to decide if they will write these off.

it's got nothing to do with hmrc!!!!!!

[jamesbrown]

I think this guy is trolling. No way somebody can be this stupid.

As we've learned from gricer, those two things can both be true.

[cannon999]

I think this guy is trolling. No way somebody can be this stupid.

[zeus tiktak]

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.

[courtg9000]

OP, 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.

Yes I would quite like to know what he spunked the dosh on. Charlie or hookers. My guess is charlie.

[zeus tiktak]

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.

[northernladuk]

yes 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.

How come you are getting a load of 'amazing' emails yet not one single person on two forums have agreed. There are always some sheep out there that don't have a clue and will jump on I guess.

[northernladuk]

This has been a right laugh of a thread to catch up on. We haven't had one like this in ages.

Such a shame NF hasn't fixed thread moving yet (or has he?)

If he hasn't he can jolly well re-create the thread in General and type all the responses out reply by reply