Reclaimed Packaged Bank Fees

staceymack7

I filled out a Resolver form for Packaged Bank Fees I had.
The bank has now sent me a cheque for £700
My question is, I went bankrupt 8yrs ago, was discharged after 5 months, and these fees are from a bank I went bankrupt with, am I allowed to keep this money? Was I right in attemtping to claim it back? Should I give it back or to the Official Receiver (not sure I have their details anymore)?

Thanks

dunstonh

My question is, I went bankrupt 8yrs ago, was discharged after 5 months, and these fees are from a bank I went bankrupt with, am I allowed to keep this money?

No. You need to contact the OR and let them know you have received it. There can be a lag between the bank contracting the OR and you getting the money. Some people have reported over 3 years before the OR was told by the bank. Those people that kept the money can get in trouble as it is a pre-bankruptcy asset.

Was I right in attemtping to claim it back?

Better that your unpaid creditors get the money than the bank I suppose.

[Deleted User]

staceymack7 wrote: »

Was I right in attemtping to claim it back?

Legally, only the Official Receiver can make PPI complaints in bankruptcy cases. It remains a pre-bankruptcy asset for which the OR can come calling at any time.

I would not recommend cashing that cheque unless you then intend paying it to the OR. No longer knowing who that was/is does not release you from your legal responsibility.

staceymack7

Moneyineptitude wrote: »

Legally, only the Official Receiver can make PPI complaints in bankruptcy

Does it matter that it's not PPI, it's Packages Bank Account Fees?

Many thanks for your responses

I will find the OR details and inform them

[Deleted User]

staceymack7 wrote: »

Does it matter that it's not PPI, it's Packages Bank Account Fees?

Bankrupts are not allowed to benefit from any award pertaining to finance from before bankruptcy occurred. Any such redress is a pre-bankruptcy asset which belongs to the OR for redistribution to your former creditors.

This is asked so often on the MSE bankruptcy forum that it has it's own "sticky" thread. You can read it in full and learn all the details at this link:
https://forums.moneysavingexpert.com/discussion/3766585