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Working with your ex-employer

The company I work(ed) for has just gone into voluntary insolvency.

The whole staff have been made redundant.

My former employer has acquired the remaining stock and is planning to start up again on a smaller scale.

He has asked me to work for him when he starts up again.

Questions

Is there a period of time before I can work for the same person again, even if it is under a new company?

Will my redundancy payment be affected if I do this?

Am I better of being self-employed and contracting my services to him?
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