 |
Advice needed!!! no wages paid by my employer, they are now trading under i new name!! |
Submitted on: 28th Jan 2010 by Non-Member | Total Answers: 1
My employer told me today that i wouldnt be getting my monthly wage tomorrow as they dont have the funds to pay anyone just yet. I signed a contract a while ago and have recently found out that they are no longer trading under that name (the one i signed a contract with) as it went into liquidation they are now trading under a new name while im still working under the contract i sgined a while ago. Please help i have a mortgage to pay and 3 dependant children and need to be paid and also need to no where i stand regards the contract i signed.
Thankyou
A worried builder.
Re: Advice needed!!! no wages paid by my employer, they are ...
When a company goes into liquidation, it ceases to exist as an entity.
The liquidator runs the company down and sells it's assets for the benefit of creditors.
Employees get priority over other creditors but if there is no money to make payments the liquidator will not be able to pay you.
If your contract is with the old company it may not be worth anything.
You need to make contact with the liquidator as soon as possible to clarify your position. You may also get information from the redundancy unit at the insolvency service.
http://www.insolvency.gov.uk/redundancyandinsolvency/whatcanido.htm
Post new comment