30-Mar-2016: Liquidators' Update, see Deloitte site

How can I tell my family I can't give them what I promised?

I am a very proud British citizen, and since I was 15 years old have worked legitimately starting as a “Hammer Boy” in a foundry on a salary of £4-11s-11d, and although then could not save a penny because I gave it ALL to my mother after tax & NHS contributions for my first year. Since then I have continued my working career almost non stop for nearly 40 years, working 60-84 hours a week for most of them to save & care for my family.

During that time, I have been on a helicopter on fire, was in the North Sea on the night 167 of my follow workers perished on the Piper Alpha, in a life vest twice, surrounded by hammerhead sharks (actually in the water) & under rifle fire in the desert.

However, none of these life threatening experiences compare to the unprecedented terrifying situation I, and many of the Landsbanki Guernsey simple savers, presently find ourselves. Now, because of this debacle, retirement next year seems no longer possible. We have no idea what the future holds for us, as I don’t have enough working years ahead of me to recover from this. The anguish & distress is unbearable.

As a Son, Father & Husband, if I loose my life savings, I have to explain to my ailing mother, young son & wife why they can’t have all the things I’ve promised them, which will have a much more devastating effect on me than loosing the money itself.