What happens to my staff if my business goes into liquidation or administration?

What happens to my staff if my business goes into liquidation or administration?

What happens to my staff if my business goes into liquidation or administration?

Answer: 

If a company goes into liquidation, it is likely that the business will be closed and any employees will be made redundant. If a company goes into administration, the administrator may ask some employees to continue to work although, in most circumstances, there will be redundancies. If an employee is owed wages, they may be able to make a claim via the insolvency practitioner appointed or through the Redundancy Payments Office.

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