Company going bust

[SKY250]

What happen's if a company goes bust? Does it's employee's get any salary owed to them or do they lose out?

Thanks in advance

[dzug]

It depends on whether there is anything to pay them with. They are fairly high up the pecking order so stand a better chance than most, but no assets = no pay

[colin6789]

If the company has no money, there is a government scheme to give you the minimum number of weeks redundency at up to a set salary. I do not know about back pay and holiday pay. Are you in a union or try the CAB or similar place. Somebody else will probably come up with a better answer. Yusy one think from bitter experiane DO NOT TRUST THE RECIEVER , whatever he says.

[SKY250]

Thanks for your replys