Recently my employer ceased trading ( very unexpectedly & quickly) & this was at a time when I was on sick leave with a broken leg. I received no formal notice from my employer of termination of employment & I finished up going thru ACAS & an Industrial Tribunal. The employer did not bother to attend the tribunal & the Chairman made a number of awards in my favour amounting to approx £1500 covering payment in lieu of notice, unpaid holiday pay, unpaid wages. etc Again after the award was made by the Tribunal I received nothing from the employer & was advised to persue it thru the courts. I applied for the forms which arrived a few days ago but now even before I have applied to the courts an announcement has appeared in the local newspaper that they have become insolvent. Where does that leave me? I've lost loads of money & been without a job for months whilst seeking employment all through no fault of mine..... this all seems so unfair...... what can I do?
2007-07-26 00:39:22 · 4 answers · asked by crazy wild 2 in Politics & Government ➔ Law & Ethics
When a company becomes insolvent the Department of Trade and Industry (now the Department for Business, Enterprise and Regulatory Reform) makes redundancy payments to the employees. It may be worth while to check if you are entitled to a payment. Get back in touch with ACAS.
2007-07-26 08:34:52 · answer #1 · answered by Mabel 2 · 1⤊ 0⤋
Dont hold my feet to the fire on this,but I think ur allowed to potition the court as a litigent ,and claim a percentage of any holdings not reserved as the personal property of the companies owners.Off the top of my head knowledge, this happened to my brother.Took foreverrrrrrr ,but he got something back on the dollar. So sorry for ur misfortune.See if any of this is covered under government regulations, maybe Dept of Labor laws?
2007-07-26 08:01:13 · answer #2 · answered by oatesmokid 4 · 0⤊ 0⤋
Insolvent doesn't mean "no money", it means "not enough money to pay all debts".
What the court will do is decided who gets priority.
File your claim and you will most likely get paid. I doubt the UK is different from the US on giving employee earnings a very high priority.
2007-07-26 07:47:46 · answer #3 · answered by open4one 7 · 1⤊ 0⤋
I presume he closed down because he wasn't making any money? if so where is he going to get the money to pay you - I would forget about it.
2007-07-26 07:48:27 · answer #4 · answered by Jackie M 7 · 0⤊ 0⤋