Overpaid by Liquidator

Sandwedge001

Over a year ago I paid a double glazing company a deposit of over £1500. They went into liquidation before the windows were manufactured and I thought I had lost the money. Recently I received a letter from the Liquidator to say that I would be paid 10p in the £ and that a cheque for approx. £150 was enclosed. Actually the cheque they sent was for the full amount of my deposit and it has now cleared in my account. I am bitter this company (or at least the Directors) have done this several times in the past. Am I bound to pay back this apparent error ?

[Deleted User]

Yes.

Keep the funds to one side for 6 years. If they haven't come for it by then, you could consider it a bonus.

bengalknights

Yes the liquidators may notice the error and chase it back

Sandwedge001

I am sure they will notice but I am wondering whether or not I legally HAVE to pay it back

[Deleted User]

That has already been answered. Yes.

CKhalvashi

Sandwedge001 wrote: »

I am sure they will notice but I am wondering whether or not I legally HAVE to pay it back

Yes.

Your contract was for 10p in £1, not the full amount.

System

Why is your question in the credit card section? Did you pay the deposit by credit card (as that would solve your problem)?

Voyager2002

CKhalvashi wrote: »

Yes.

Your contract was for 10p in £1, not the full amount.

Why did the OP have a contract with the liquidator?

So long as the OP did not sign any kind of acceptance slip on the letter that came with the cheque, it would be very hard to demonstrate the existence of any kind of contract (except that for the supply of double glazing).

In terms of what is morally right: evidently the failed company left a small pot of money and the liquidators are using it to make a partial return to the people in the OP's situation. There is no reason to believe that the OP is any more deserving than any of the others who were cheated and so no reason why it would be fair for the OP to get back more than his share of the 'pot', meaning that other creditors get less than their share.