Recent content by zeus70

  1. Z

    BBL - finally 6 years are up! Spongebob plan has worked

    Exactly, there is already a process in place to tackle the bad debt\ fraud. If you havent been chased by the banks for the last 6 years, its only 12 more month before it becomes statute barred. At this point, its best just to wait it out as banks have already stated they suspect 11% is fraud...
  2. Z

    BBL - finally 6 years are up! Spongebob plan has worked

    This is what the british banks flagged at the beginning on 2026, knowing the 6 year deadline was approaching: Suspected fraud flagged £1.88bn Gov. guarantees paid to lenders £11bn This suggest (and hence my post) that they have already decided to claim on majority of the loans, as they have...
  3. Z

    BBL - finally 6 years are up! Spongebob plan has worked

    truth is banks have not been chasing most people, as they have been waiting for the loan term to end so they can just claim off the guarantee. Its all planned.
  4. Z

    BBL - finally 6 years are up! Spongebob plan has worked

    Most will be allowed to be dissolved before becoming statute barred that's what I'm hearing. Either way, this is now the endgame.
  5. Z

    BBL - finally 6 years are up! Spongebob plan has worked

    i know quite a few people in Banking and they sare saying the same thing 1. banks can now claim off the gov guarantee aa loan term has ended. 2. in 12 moths times majority of these loans will be statute barred due to 6 year rule 3. GOV already having behind the scened talk about removeing...
  6. Z

    BBL - finally 6 years are up! Spongebob plan has worked

    So finally teh 6 year terms are coming to an end! If you followed the spongebob plan and submitted your ds01 forms, you bank can now claim off the government guarantee. Expect lots of loans to be written off in the coming month. Once that happends, companies house should allow the dissolution to...
  7. Z

    Insolvency Services granted new powers to pursue directors of dissolved Companies

    people reading this forum should listen to all points carefully: 1. file ds01 only if you have stopped trading and cannot afford to appoint an insolvency practitioner 2. follow the spongebob plan and ensure creditors get informed of your action so they can object or appoint official reciever 3...
  8. Z

    Insolvency Services granted new powers to pursue directors of dissolved Companies

    This is nothing new, HMRC always had the power to investigate dissolved companies and did not need a new law. This is all PR, to use fear to make people conform :-) they have always used fear
  9. Z

    The end of the Spongebob Plan? Dissolutions being investigated

    HMRC always uses fear to make people conform. Dont let this fear stop you from closing the company down even with outstanding debts and loans.
  10. Z

    The end of the Spongebob Plan? Dissolutions being investigated

    people reading this forum should take listen to all points carefully: 1. file ds01 only if you have stopped trading and cannot afford to appoint an insolvency practitioner 2. follow the spongebob plan and ensure creditors get informed of your action so they can object or appoint official...
  11. Z

    The end of the Spongebob Plan? Dissolutions being investigated

    Thanks Spongebob. I have indeed followed the plan, got the company dissolved and the bank has now claimed on the government guarantee. the banks need to get a debt collection service involved, but you just tell them the truth, i,e company has no funds and you welcome the official receiver to...
  12. Z

    Closing company down with bounce back loan - success

  13. Z

    Closing company down with bounce back loan - success

    If all you say is true, the goverment will not need to write off any BBL. Lets just wait and see what this figure is, and the number of people who dont pay as they feel it was mis sold. i think you will be surprised it is more than just 1 person.
  14. Z

    Closing company down with bounce back loan - success

    This thread is for people who think they were mis sold the bouce back loans, as i was, and then using that argument against the lender and hmrc to get it written off. part of this process is to close down your ltd company. If you don't get the point, thats fine, only people who feel some...
  15. Z

    Closing company down with bounce back loan - success

    If you don't think the BBL was mis sold then you would pay it back - that doesn't change. If however you believe the BBL was mis sold, have no money in the bank, then you have the option of challenging the lender, debt collection agency, hmrc and even the insolvency service. We have the power...
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