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Return to Creditors and Director Claim for Redundancy Pay

In July 2011 we were appointed Liquidator of a South Wales based window manufacturer and installer. We were able to make extensive asset recoveries, particularly of debtors resulting in a dividend being paid to creditors. *The director of the company was able to make a claim for redundancy and notice pay from The Redundancy Payments Service and was also able to participate in the creditor dividend distribution in respect of the unpaid amount.

* For a director to be eligible to claim from the Redundancy Payments Service, he or she needs to prove that they were an employee with a contract of employment and that their relationship with the company is similar to that of other employees.  

We have advised and assisted Byrne Associates in respect of construction matters for many years. In this time all staff have demonstrated their in depth knowledge of insolvency procedures Terry Blazey (TFB Associates )

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