A man who was declared bankrupt in 1995 after a four-year tax investigation is angry at the loss of an old personal pension that he paid into for seven years.
Edmund Watters, 61, took out the policy with Confederation Life (now Sun Life Financial of Canada) in January 1991 when he earned 25,000 a year as a transport manager. He paid in 30 a month until September 1998, but tried to use the 8,872 balance only last year when he was told that it had been surrendered to creditors.
Edmund, from near Reading in Berkshire, says that Sun Life Financial of Canada should have told him at the time of his bankruptcy that the money would have to be surrendered instead of letting him pay
Read the full article at: https://www.thetimes.co.uk/article/still-being-punished-for-25-year-old-bankruptcy-dp3f8zwgm