We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Bank indemnity and Bankruptcy

So, I was conned in to sending some money as an online investment. Within 2 weeks I smelt a rat - no responses to emails or calls.

I called my bank and did an indemnity based on fraud. My bank Lloyds sent an indemnity claim to the recipients bank. They confirmed my funds were there and the account had been frozen - great I thought.

Fast forward a week and the individual has filed for bankruptcy. The receiver bank have been helpful and have bacially told me to contact the official receiver.

So my question - should I be legally entitled to my funds back as I made the indemnity claim prior to the bakruptcy or should I expect my funds to just be thrown in to the pot with all the other creditors?

Where do I stand?

Dan
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.