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Redundancy: What happens if company goes bust?

  • 30-04-2012 6:15pm
    #1
    Eire362436
    Closed Accounts Posts: 43 ✭


    Hi Board-ers :) I have been made redundant-unfairly selected as I will claim in an unfair dismissal action. Does anyone know what happens to the claim if the company ceases trading whilst my claim is underway? Hoping against hope here.... but just trying to be realistic if the worst happens!


Comments

  • #2
    Delancey
    Closed Accounts Posts: 5,451 ✭✭✭Delancey


    To my knowledge when the company goes into liquidation then you are just another unsecured creditor with nil chance of getting any money from an Unfair Dismissals award.
    Did you get a redundancy payment ?


  • #3
    MissFlitworth
    Closed Accounts Posts: 8,057 ✭✭✭MissFlitworth


    Redundancy is preferred debt if a company goes into liquidation, but if your company doesn't have the cash to pay it then you can claim statutory redundancy from the Social Insurance Fund (scroll down to employer insolvency here). It can take a while but you will get statutory redundancy in the end


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