Insolvency

(asked on 14th October 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans the Government has to bring forward legislative proposals to provide for support for people who are seeking to collect earnings from organisations that have gone into compulsory liquidation.


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 21st October 2019

Legislation is continually reviewed to ensure it remains relevant and fit for purpose. The Insolvency Service’s Redundancy Payments Service is committed to ensuring individuals made redundant are paid the monies due to them as quickly as possible. The legislative framework sets out the requirements for collective redundancy consultation and where a protective award is made against a company in liquidation, the Insolvency Service’s Redundancy Payments Service will pay the protective award.

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