But employees in the UK do have rights and routes to recover the money they are owed.
If a company becomes insolvent, an appointed insolvency practitioner takes control.
They are responsible for managing the company’s remaining money and assets, and for paying creditors where possible.
Employees are classed as “preferential creditors,” meaning they are near the top of the list for repayment.
Anyone who has lost their job without being paid should first contact the insolvency practitioner to register as a creditor.
You can usually find their details in the formal notice of insolvency or on the government’s Insolvency Register.
The Redundancy Payments Service (RPS), run by the Insolvency…