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  1. #1
    Junior Member
    Join Date
    May 2022
    Location
    Heretaunga
    Posts
    25

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    My 2nd tranche of the Halifax payout from the bankruptcy has just come through. So I, presumably along with others, have got back what I put invested thru the platform, plus a possibility of another 5%. After 4 years. Anything more than nothing when your investment goes bankrupt is to be cherished...

  2. #2
    Guru
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,539

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    Quote Originally Posted by DTC View Post
    My 2nd tranche of the Halifax payout from the bankruptcy has just come through. So I, presumably along with others, have got back what I put invested thru the platform, plus a possibility of another 5%. After 4 years. Anything more than nothing when your investment goes bankrupt is to be cherished...
    You have got me worried now...have just received the one earlier on this year.
    Hope there are no issues for me.
    What a friggin disappointing mess !

  3. #3
    Member
    Join Date
    Oct 2016
    Location
    Auckland
    Posts
    438

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    It is similar to when MF Global went bust. Aussi receivers took something like 35 mil in fees over 5 years. All clients were whole in the end but only got all by about year 4. Should never have gone through.

  4. #4
    Guru
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,539

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    Quote Originally Posted by RTM View Post
    You have got me worried now...have just received the one earlier on this year.
    Hope there are no issues for me.
    What a friggin disappointing mess !
    Update: Have now received second payment.
    I guess that’s most of what I might expect.

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