If your employer goes bankrupt and you are made redundant, they may not have enough funds to pay your normal redundancy pay. Instead, you can claim money from the Government’s Insolvency Service. They may also be able to give you more money towards other amounts owed to you, such as unpaid wages, notice pay and holiday pay.
There is an upper limit on what you can claim, so you may not receive all that you would have done, and you should try to claim any balance from the insolvency practitioner or receiver who is handling your employer's insolvency.
You can download the Insolvency Services guidance leaflet for employees, including the necessary forms for a claim (pdf format), or find more information on the Insolvency Service website, www.insolvency.gov.uk
The BIS Redundancy Payments Helpline on 0845 145 0004 (calls are charged at local rates) can also help with current payment rate questions, or send you further information.
