question category: Employment & Unemployment

What are My rights as an employee of a limited company going into liquidation
Submitted on: 2nd Dec 2009 by Non-Member | Total Answers: 1

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Re: What are My rights as an employee of a limited company ...

Not strictly a debt question - unless the company owes you money I suppose.

Firstly you should get some employment advice from a trade union or your local CAB.

Liquidation is the corporate equivalent of bankruptcy. If your employer is liquidated it will cease to exist. You should have a point of contact with the Liquidator who may be able to advise you further.

You may be entitled to some statutory redundancy pay - even if the company is unable to pay you.

You would need to speak to the Insolvency Service at

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

If the loss of your income is going to cause you debt difficulty contact the CAB or the Debt Advice Foundation.

Submitted on: 2nd Dec 2009 by Darren Member

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