Sequestration: What will happen to my employees?

Deciding to liquidate your business? Here’s what happens to your employees:
Employees will be made redundant before or immediately after liquidation. The Redundancy Payment Service (RPS) pays employees for unpaid wages, holiday pay, notice pay, and redundancy pay, capped at £571 per week. The RPS then claims as a creditor in the liquidation.
At Middlebrooks, we understand the personal impact of liquidation and redundancy. Our team is here to guide everyone through the process, from redundancies to understanding entitlements.
#Liquidation #EmployeeSupport #Redundancy #Insolvency #BusinessClosure
For more information and support, contact us today.