I need to clarify whether a director of a company that has been transferred to a liquidator still has a liability for statutory redundancy payments to the employees, if there are insufficient funds for the company to pay them.
I think the employment has ceased with the company, and the liquidator or receiver would be the one signing to accept responisibility for the lump sum.
Is that correct?
The citizen's advice website reads:
I think the employment has ceased with the company, and the liquidator or receiver would be the one signing to accept responisibility for the lump sum.
Is that correct?
The citizen's advice website reads:
If your employer is unable to pay your redundancy lump sum, they should complete and sign the RP50. They should also submit a letter from an accountant or solicitor stating they are unable to pay and accepting liability for 100% of the lump sum (85% for a dismissal in 2012) owing to the Social Insurance Fund. Documentary evidence such as audited accounts should also be included.