Share Accounts

Tezem

Hi


I have received a letter from a law firm acting on behalf of a company that went into liquidation saying that I have been paid twice for an amount of shares which we cashed in.


I have trawled my accounts and can't find anything to say that I have been paid twice and honestly know that I haven't.


This would have been in around 2012 - as this was when I cashed the shares in.


I really would like some advice or guidance/thoughts on:-


Statute of limitations - does this apply (even tho I didn't get paid twice) If the company did pay me twice and then chase three years later, can I say tough, should've asked earlier?


I don't have any documentary evidence of my shares - my account became nil so after I had received the payment back, I threw away the statements/information - is the emphasis on me to prove that I wasn't paid twice or do they have to prove that I was?


I have some more shares, can they take the money "owed" directly out of that account (even tho its with a new company - the one who took over accounts after the first company went into administration)?


Please let me know your thoughts, it would really help to try and put my mind at ease.


Thank you.


Tezem

Aretnap

Assuming they have a valid claim against you they have six years to bring it to court, so they're well within that timeframe.

If they claim that you owe them money then ultimately it's up to them to prove (on the balance of probabilities) that you do - though if they have documentation and you don't that puts you at an obvious disadvantage.

kangoora

Shouldn't you be able to get bank records going back to 2012 and look at payments in?

If you are normal PAYE with few other transactions it should be easy to spot extra payments. Of course, this may not be the case.