How long does it take to recieve redunduncy payment after liquidation?

Question

How long does it take to recieve redunduncy payment after liquidation?

Answer 1

Assuming you are in England or Wales

Depends on how the money is going to be raised by the liquidator.

If there is cash available it should be quite quick and redundancy is a priority payment.  

If however the liquidator has to sell assets to raise cash then its going to be some time.

The Insolvency service has a redundancy advice line.

try www.insolvency.gov.uk.