Published: 03/11/2022 By Hannah McCormackThe government's Insolvency Service have put together a detailed factsheet for employees who have been made redundant by an insolvent employer. At what can be a worrying time there are still rights that you as an employee are entitled to such as redundancy pay, paid notice period and any monies owed from the employer. As your employer has gone insolvent they will be unable to pay what may be owed to you as an employee but you can apply to the Insolvency Service for payment instead.
The factsheet explains exactly what employees can apply for through the Insolvency Service, as well as details of how to apply. It takes employees through all the required information as well as what happens once a claim to the Insolvency Service has been sent. The fact sheet also provides options of what to do whilst waiting for payment (if entitled to any) from the Insolvency Service.
Here is the Insolvency Service PDF Factsheet of what to do if you are made redundant by an insolvent employer or you can also access it online.
When instructed by an insolvent company part of our job as Insolvency Practitioners is to contact the employees of said company. We are always just at the end of the phone or email should these employees have any questions regarding the redundancy of the company. If you have been made redundant by an insolvent company get in touch with the IP that is dealing with the case as they will have the necessary information to assist you in your claim.
If you are a creditor of a business that has gone into liquidation please check out our creditor support page as we also provide extensive support to creditors in all of our insolvency cases.