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Company winding up - can employees object?

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  • Company winding up - can employees object?

    Hi

    Asking for a relative who is in a diificult situation with their employer.

    Over the last couple of years there have been periods of staff not being paid, wages reduced etc It has sort of got back on track this year, and a proportion of arrears owed has been paid, but not all.

    The staff have now heard that the company is considering winding itself up - mainly to avoid its debts we believe.

    Can anyone point me in the right direction for info on where the employees stand, the employer isnt going to tell them anything!

    Any pointers appreciated.

    Grange
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  • #2
    Re: Company winding up - can employees object?

    If they owe money to employees then the employees are deemed creditors, so yes they can make a claim against the company by registering as a creditor of the company.

    More info can be found here - Claim money from a bankrupt or company in liquidation : Directgov - Money, tax and benefits
    Please note that this advice is given informally, without liability and without prejudice. Always seek the advice of an insured qualified professional. All my legal and nonlegal knowledge comes from either here (LB),my own personal research and experience and/or as the result of necessity as an Employer and Businessman.

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