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Insolvency

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  • Insolvency

    Hi if you are owed money and a company goes into liquidation and you have not received your wages for the work you have received what can you do.
    Tags: None

  • #2
    Re: Insolvency

    Tagging [MENTION=87380]Diana M[/MENTION] [MENTION=48934]Debt Camel[/MENTION] ??
    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

    It doesn't matter where your journey begins, so long as you begin it...

    recte agens confido

    ~~~~~

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    • #3
      Re: Insolvency

      IF the firm goes into liquidation there should be receivers assigned and it is their job to sort out all this.

      Was this a Ltd company or an individual?

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      • #4
        Re: Insolvency

        Originally posted by sloane82 View Post
        Hi if you are owed money and a company goes into liquidation and you have not received your wages for the work you have received what can you do.

        Hi.You will have to establish that you are a creditor by notifying the receiver/ administrator in writing and enclosing invoices/ claims for payment which will be checked against the company's liabilities.

        This is unlikely to be a speedy process.

        nem

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        • #5
          Re: Insolvency

          You will get your pay, including any holiday pay owed and redundancy money, either from the adminstrators if there is enough to pay you - paying the workers is the top priority - or from the government if there isn't enough money in the company. If it is paid by the government there is a maximum of £489 a week you will get.

          See https://www.gov.uk/your-rights-if-yo...-is-insolvent/.

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          • #6
            Re: Insolvency

            Hi,
            Were you " on the books" as an employee or were you a contractor invoicing the company for services rendered?

            nem

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