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Post Info TOPIC: Insolvency + Retrenchment
Anonymous

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Insolvency + Retrenchment
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Hi Guys

 

I need your advise if the company Ia am currently working for is insolvent, where does that leave us as employees regarding our Severance pay?

 



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LP

Date:
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If the company is liquidated you become a preferent concurrent creditor and must wait for the liquidators to pay you out when they are able.



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