question category: Employment & Unemployment

can i get help with money if the company i work for has gone into liquidation

Submitted on: 23rd Dec 2009 by Non-Member | Total Answers: 1

i just wanted to know if i can get redundancy pay from my employee or goverment for the last 4 years that i've worked for the company befor it went into liquidation

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Re: can i get help with money if the company i work for has ...

Liquidation is a complex subject.

Potentially you can - if there is money available from company assets the liquidator should be able to make a redundancy payment to you - although it isn't usually a great deal of money. The booklet below explains how to calculate your redundancy payments in insolvency.

If there isn't enough money in the company to pay off the employees you can apply to the insolvency service for support.

http://www.insolvency.gov.uk/redundancyandinsolvency/howdoiclaim.htm

The insolvency service also produce a booklet about insolvent companies and redundancy.

http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/guideforemployees.pdf

If your employment is going to cause debt problems we're happy to give you advice at the Debt Advice Foundation. Click on my name and contact us.

Submitted on: 29th Dec 2009 by Darren Member

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