can a company that folds or goes under still be held responcible for paying their employees owed wages?

Answer 1

Taxes first, employees second. If they have enough money. Good luck!

Answer 2

They ARE responsible. But if they are not ABLE, then you're out of luck. And this is governed by two things, the amount of money available, and the courts.
Even if there is money available, it may take a long time.
I once received wages owed me by a co which went bankrupt---four years later.
The letter said, money became available when they could sell some property and get some money. It only took 4 years before they found a buyer.


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Answer 3

Yes but only if there is enough money left after paying the administrators, taxes and possibly depending on where you stay in the world, all the other people the company owed money to.

Answer 4

If the entity is no longer around it cannot be held responsible. Once their assets are liquidated and debts paid their is probably nothing left for workers.