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company bankrupt


Renniks

Senior Member
#1
If a company goes bankrupt, are employee wages that are owed paid?

My friend works for a company that just seems in too much debt to continue in his eyes, they lost a major distributor today, and he sees it going downhill from here.

Think he will get the 2 months wages they owe him?
 

Renniks

Senior Member
#3
Just found on google (couldnt find before, must have been searching wrong) that the national insurance fund will pay any wages upto 8 weeks at £350 max a week if the company goes insolvant.
 

glenwheeler

Senior Member
#5
Yes Berry is corrected. I worked for a company for 2 years and they went bankrupt, I got naff all off them even though they owed me 5 weeks wages