We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help needed
Options
JAMIE1_2
Posts: 1 Newbie
Hello,
I am being made redundant next week, the company I work for is looking at one of two options, they will either be :
1) Voluntary liquidation
or
2) Cease trading
I have been told by the redundancy helpline that if it is option 1, VL , then I will be able to claim the full amount owed to me through the goverment, but if it is option 2 I will have to take the company to an employment tribunal but if there is no money in the left in the pot ( so to speak ) I will not be able to claim any money.
The question I have is if the company just cease trading will HMRC put them into involuntary liquidation as the company still owes tax etc, and if that is the case will I still then be able to put a claim in for my money owed ?
I am worried sick about the fact if they just stop trading and I get nothing ?
If anybody could offer any help that would be great.
Thank
I am being made redundant next week, the company I work for is looking at one of two options, they will either be :
1) Voluntary liquidation
or
2) Cease trading
I have been told by the redundancy helpline that if it is option 1, VL , then I will be able to claim the full amount owed to me through the goverment, but if it is option 2 I will have to take the company to an employment tribunal but if there is no money in the left in the pot ( so to speak ) I will not be able to claim any money.
The question I have is if the company just cease trading will HMRC put them into involuntary liquidation as the company still owes tax etc, and if that is the case will I still then be able to put a claim in for my money owed ?
I am worried sick about the fact if they just stop trading and I get nothing ?
If anybody could offer any help that would be great.
Thank
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards