Posts tagged with ‘Employee’

  • Employee Entitlements – What Happens When a Company is Insolvent?

    In most cases of corporate insolvency, employees are owed some form of entitlements, whether contractual entitlements (such as wages or salary), or statutory entitlements (like annual leave, long service leave or redundancy pay).  They are often the creditors who are most seriously affected by the insolvency. Other unsecured creditors may have alternative income sources, while secured creditors can often exercise [...]
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  • What (is) the FEG? An Insolvency Practitioner’s Guide

    Employees whose employment has been terminated due to the liquidation or bankruptcy of their employer may be eligible for government financial assistance, referred to as an advance, intended to cover certain unpaid employment entitlements. Who is eligible? The Fair Entitlements Guarantee Act 2012 (the FEG Act) may apply to a person if their employer enters liquidation or bankruptcy on or [...]
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