Lost Monies

ganeden · 30 September 2019 at 12:57PM

My Mum in Law passed away 10 years ago now. She had savings in the Halifax, due to the Banks collapse at the time she lost £13000 over night.
Originally I went with her when she was alive to open these accounts and confirmed with the Halifax that she wanted 2 savings accounts with no loss of capital. Obviously one of these did lose the capital.
I have since been told that we could look into compensation with the Halifax, but this was 10 years ago now, so is this too late?
Also, where do I stand now ?
Thank you

SonOf · 30 September 2019 at 1:17PM

She had savings in the Halifax, due to the Banks collapse at the time she lost £13000 over night.

Halifax didnt collapse. So, her savings would not have been lost.

I have since been told that we could look into compensation with the Halifax, but this was 10 years ago now, so is this too late?

On what basis would compensation be paid?
Who is the executor for your MIL? (only they hold the legal right to act on behalf of the estate)

Also, where do I stand now ?

Perhaps clarifying how savings could have been lost when no savings were lost due to a bank collapse.

Lost Monies

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