Thursday, 31 January 2013
Guide for employees if their company goes into administration or other insolvency procedure
The unfortunate side effect of administrations, liquidation and other forms of company insolvency is that often employees are made redundant.
It has to be said that many people in the insolvency profession are not very good at explaining to employees what their rights are, what options they have, and what to do to make claims for redundancy and lieu of notice.
We have therefore launched our new guide for employees facing redundancy due to insolvency. Click on the employees in insolvency link to go to the guide. The guide is designed to help those people worried about impending insolvency, directors who need to explain to their people what will happen in insolvency and those made redundant by administrators, liquidators or through a company voluntary arrangement.