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How do i get the money im owed????

  • 17-05-2009 4:32pm
    #1
    ladybee
    Closed Accounts Posts: 9 ✭


    The company ive worked with for the past 19months told us the other day they had gone into liquidation and we had 2 shut shop immediatly and leave..... im owed a months wages which they told us will b paid in 6-8 weeks by the liquidaters... anyone now if ya really do get paid?? n how 2 go about it?????


Comments

  • #2
    shoutman
    Registered Users, Registered Users 2 Posts: 6,924 ✭✭✭shoutman


    It all comes down to whether you are secured or unsecured creditors. As far as I know employees are always secured creditors (this means you get paid first).
    I'm currently waiting for money owed to me, I am an unsecured creditor and the case has been with the liquidators for over a year now, all the while they are getting paid and as I'm an unsecured creditor the % of money owed to me which I will be getting is decreasing.

    If its a straight forward liquidation, clearly the one i'm wrapped up in isn't, then you will get your money in six to eight weeks as you have been told, there is nothing you can do, you might be sent out a form to fill our where you declare how much you are owed but presumably your employer will already have told the liquidators that.

    Just relax and look for a new job unfortunately.


  • #3
    ladybee
    Closed Accounts Posts: 9 ✭ladybee


    thanks for that, its just so frustrating esp in the current economic climate. all the best with your ordeal 2!!!


  • #4
    itsonlyme
    Closed Accounts Posts: 90 ✭✭itsonlyme


    The first creditor to be paid IN FULL Im sure will be The Revenue Commissioners.


  • #5
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    You will be paid out of the department of social welfare insolvency fund if the company doesn't have the funds to pay you.

    The insolvency payment may not cover your full wages.

    The liquidator/receiver should administer all this. Be nice to the liquidator/receiver.

    Just because the company stopped trading doesn't mean there isn't money there to meet the wages (though it probably does).

    What you have been told sounds broadly correct.

    Have a look at http://www.entemp.ie/employment/insolvency/faq.htm and related pages.


  • #6
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    Not sure about this but dosent the liquidator apply to the government for some of the wages payments?

    DB


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