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Employee Guide To Insolvency, Employee Guide To Insolvency, HBG Advisory

Employee Guide To Insolvency.

Employee Guide To Insolvency.

Employee Guide To Insolvency – Employees have the same rights as every other creditor. Although in most cases, companies do not have sufficient funds to pay employees in full. The Redundancy Payments Office (RPO) can offer significant support. The RPO allows employees to make a claim for outstanding wages/salaries, holiday pay and to make specific redundancy claims. Any agreed claims usually are eight weeks to settle, but in times of crisis, maybe longer
As an employee (Including Directors), you’ll get everything your employer owes (Upto amount shown below)you. You can claim for:

  • Statutory notice pay;
  • Redundancy;
  • Up to 8 weeks’ wages;
  • Up to 6 weeks’ holiday pay;
  • Unpaid pension contributions – speak to the liquidator to claim this for you;
  • Basic award for unfair dismissal;

If a director? view Redundancy Claim

You are only entitled to claim up to £489 a week for each claim.

Employee Guide To Insolvency – How do I claim outstanding wages/salary?

To claim redundancy, you first need to make contact with the liquidator (if they have not already written to you). They will provide you with a case reference number. Once you have received the case reference number. You need to visit https://www.gov.uk/claim-redundancy. You can use the online portal to process your claim. The RPO and Liquidator will deal with the rest.

What is TUPE? How will it affect me?

TUPE Regulations provide protection and preserves employees’ rights when a business or undertaking, or part of one, is transferred to a new employer. When part of a company is subject to a sale to another entity, Legal rights as an employee may move with the transaction. The liquidator will confirm this point when transferred under an insolvency process.

TUPE can also stop an employee from claiming redundancy from the Redundancy Payments Office or Liquidator if TUPE has taken effect.

 

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Employee Guide To Insolvency, Employee Guide To Insolvency, HBG Advisory
Employee Guide To Insolvency, Employee Guide To Insolvency, HBG Advisory
Employee Guide To Insolvency, Employee Guide To Insolvency, HBG Advisory
Employee Guide To Insolvency, Employee Guide To Insolvency, HBG Advisory