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Pension Bankruptcy before 2000
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nitram38
Posts: 1 Newbie
Here is the basics:
I started personal pension plan in 1988.
Due to good old 15% interest rates I gave up my house and took personal Bankruptcy in 1998.
I submitted everything to the official receiver including my pension. 3 years later, bankruptcy ends and my pension documents and bank accounts returned to me with no paperwork indicating any interest in the money.
Roll forward to today and I’m 55 so I wanted to cash it in.
My pension provider asked if I ever had a bankruptcy which I answered truthfully.
Now a solicitor acting on behalf of the receiver wants my pension. I know this was before 2000 when pensions were n’t protected.
Under the freedom of information act I requested my insolvency paperwork which has been destroyed by the court. So I can’t prove whether they had an interest or not.
Is it worth fighting this legally or am I wasting my time?
The pot is only £9000
I started personal pension plan in 1988.
Due to good old 15% interest rates I gave up my house and took personal Bankruptcy in 1998.
I submitted everything to the official receiver including my pension. 3 years later, bankruptcy ends and my pension documents and bank accounts returned to me with no paperwork indicating any interest in the money.
Roll forward to today and I’m 55 so I wanted to cash it in.
My pension provider asked if I ever had a bankruptcy which I answered truthfully.
Now a solicitor acting on behalf of the receiver wants my pension. I know this was before 2000 when pensions were n’t protected.
Under the freedom of information act I requested my insolvency paperwork which has been destroyed by the court. So I can’t prove whether they had an interest or not.
Is it worth fighting this legally or am I wasting my time?
The pot is only £9000
0
Comments
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I'm pretty sure your pension is covered by the law at the time - and will be forfeit regardless of whether the OR claimed an interest at the time. Sadly, I think you are wasting your time chasing it.
I remember those interest rates well !!! Can you imagine those rates in today's economy?! But at least we were getting 10% on our savings...if we had any.0
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