Delay between being made redundant and company going into liquidation.

Original Post:

Zade1975

Free Member
Oct 1, 2013
10
2
Hi all,

Thank you in advance for taking the Time to look at my question.

I was made redundant on the 06/06 due to the company I worked for going insolvent, I received my RP1 along with the reference number on the 08/06 and sent all of my details in to the insolvency service on the same day.

Fast forward 6 weeks and I have contacted them to see how soon payment would be made, only to be advised that thay only receive the information they needed from the IP on the 04/07 nearly 4 weeks later!

What I would like to know is if this sounds normal?

I am only questioning it as I know that the director managed to buy the fixtures and fittings of the company from the IP and he had up until that same date to empty the unit, I suppose What I'm asking is, is it possible that things were delayed so he had more time?

Many thanks
 
Solution
Hi

The answer to your is that this is normal in a liquidatio. The situation is that the company closes and staff are made redundant.at the same time the directors have to convene a meeting of shareholders & creditors which require legal timeline normally 3 to 4 weeks. It is at these meetings that the liquidator is formally appointment and hence when the liquidation starts. The RPO will only start there work when the liquidator has been confirmed.

regards

Gavin

Gavin Bates

Business Member
  • Business Listing
    Hi

    The answer to your is that this is normal in a liquidatio. The situation is that the company closes and staff are made redundant.at the same time the directors have to convene a meeting of shareholders & creditors which require legal timeline normally 3 to 4 weeks. It is at these meetings that the liquidator is formally appointment and hence when the liquidation starts. The RPO will only start there work when the liquidator has been confirmed.

    regards

    Gavin
     
    Upvote 1
    Solution

    Latest Articles

    Join UK Business Forums for free business advice