Solicitor held my money for 20 years should I get interest on top of the capital amount

Sea_Shell

I'd be tempted to drop this push for an investigation.

If you've already received the lump sum, arguing about the interest and the how and why of it all might just raise the issue as to whether you were actually entitled to the refund in the first place !!!

Especially as they dragging their feet.

Maybe some stones should be left unturned.

Maybe 🤔 

user1977

silvercar said:

user1977 said:

delilahdelilah said:

user1977 said:

delilahdelilah said:

user1977 said:

delilahdelilah said:

silvercar said:

delilahdelilah said:

Hi Silvercar thanks for your reply …. My first thought was surely in a company someone will take over… then I felt like I was being inconsiderate …. But yes someone should step in ? To resolve this 

There will be another partner taking over responsibility for the absent partner's work. Understandably they may be trying to avoid picking up this guy's mess, but they have an obligation to do so.

I hope they try to get something together as this needs resolving…. I have still not had an explanation how this happened… 

As I said way back, how it happened really is not relevant, and I'm not sure why you're still barking up that tree. Undoubtedly it shouldn't have happened, but I don't think investigating the exact variety of c0ck-up behind it really helps you any.

It is something that I want to know whether it is barking up a tree or not…. Yes it is a coxk up that withheld money that should have been paid to me …. But it has been implied by the company that a mistake might have been made in paying me in the first place …. And that they may have made an error in their funds paid to me already - even suggesting they might ask for it back.   Yes it’s been long winded but surely there would be a reason …. I appreciate your reply … but suspect I would not be the only one that might want to know why 

Ok, if you're saying there's actually some doubt about the figure you are owed, that's a different matter. Have you checked the figures for the original transaction yourself? It's possible the firm doesn't have any more idea about it than you, they may simply be aware that there's a balance on the file and the relevant background information has been lost.

Also wonder how it ever raised its head if there is no paperwork. 

Because the money is on their client account, allocated to your file. So they have to presume it's yours, in the absence of any evidence about there being e.g. an undertaking to a third party.

I think the question is why they suddenly found it sitting there, now rather than one year ago, or two years ago or indeed 20 years ago.

Because they hadn't previously checked. Or they had, but hadn't bothered doing anything about it. I doubt there's anything useful they can elaborate on? It doesn't make a difference to what they owe the OP.

saajan_12

Sea_Shell said:

I'd be tempted to drop this push for an investigation.

If you've already received the lump sum, arguing about the interest and the how and why of it all might just raise the issue as to whether you were actually entitled to the refund in the first place !!!

Especially as they dragging their feet.

Maybe some stones should be left unturned.

Maybe 🤔 

I understand leaving the how and why unturned, but 20 years later, the interest can be higher than the original amount, so I would argue about that. If they find issues with whether you were entitled to it, then so be it - how do you know they wouldn't have found that later anyway..

delilahdelilah

saajan_12 said:

Sea_Shell said:

I'd be tempted to drop this push for an investigation.

If you've already received the lump sum, arguing about the interest and the how and why of it all might just raise the issue as to whether you were actually entitled to the refund in the first place !!!

Especially as they dragging their feet.

Maybe some stones should be left unturned.

Maybe 🤔 

I understand leaving the how and why unturned, but 20 years later, the interest can be higher than the original amount, so I would argue about that. If they find issues with whether you were entitled to it, then so be it - how do you know they wouldn't have found that later anyway..

Hi Saajan… 20 years is a long time and thrn they notice it …. And yes another member suggested the interest would be higher ….  maybe considerably more than their payment of £92…. And what I could have done with the 3400 in my hand 20 years ago …. I can think of plenty that would have earned considerably more than 92…… Thankyou for your help