risk of redundancy with no payment

tallulah75

Hi all,

This is my first time posting but I've often read the post and find them useful so I hope you can help.

My husband has been told that his company is at risk of going into receivership and that he should know for definate by 25th February. If this is the case, he's been told that he won't be eligible for any redundancy pay etc. as the company will have folded (he's worked there for 13 years so would be due quite a good redundancy). He is due a very good pay at the end of Feb as has a good bonus and extra commission however, he's been told that he also won't be able to claim this and will basically be left with nothing. After reading the posts on here I think I'm a bit clearer on this and that he can try to claim his redundancy and any outstanding money woed to him but could somebody please clarify this?

On a nother matter, we don't have any Payment Protection insurance that convers unemployment. I work full time but only earn enough to pay half of our outgoings. Can anyone shed any light on what help we may be entitled to with regard to morgage payments, benefits etc. I have looked online and have worked out that we can get £76 per week in tax credits (instead of £10.50 we currently get) but thats all the info that I have.

Any information would be gratefully received!

Thanks in advance.

getmore4less

What makes you thnk he would have got a good payout,

Statutory redundancy is capped at £380pw.

http://www.berr.gov.uk/whatwedo/employment/employment-legislation/employment-guidance/page33157.html

Bonus and pay is not looking good

If the employer goes bust then claims for unpaid wages and redundancy need to be made to the administrator and then the goverment

ableandy

If your employer can’t or won’t make a redundancy payment you can make a claim for payment from the Redundancy Payments Office (RPO). The legal obligation for redundancy payments lies with the employer. If an employer genuinely can not afford these settlements, the RPO may be able to make the payments directly to the employees.

If your employer has been declared legally insolvent, the insolvency service who is dealing with your employers circumstances will give you an applications form RP1 which will enable you to make a claim.

If your employer has been declared legally insolvent this means the company has gone into:

• Liquidation with a court winding up order
• Administration
• Receivership
• Bankruptcy
• Voluntary arrangement with creditors
• The employer has died

If however your employer is not legally insolvent and you have been given an employment tribunal award, which the employer has not paid, you can apply to the Redundancy Payments Office (RPO) for payment.

As from April 2006 employees who continue to work for an insolvent employer while the business is being transferred to a new owner may be assisted
financially by the National Insurance Fund.

Hope this helps

MyRubyRed

You can download the RPI from Insolvency Service site