Are you the employee of a business facing financial difficulties and need assistance?
Signs that may indicate your employer is in financial trouble include:
- late payment of wages
- unpaid wages
- unpaid superannuation.
What should you do if your employer is in financial trouble?
First, you should raise your concerns with your employer.
Second, you should seek professional advice, so you can become informed of your options.
What is the Fair Entitlements Guarantee (FEG)?
Employees who are owed employee entitlements after losing their job because their employer went bankrupt or into liquidation may be able to get help from the Australian Government, through the General Employee Entitlements and Redundancy Scheme (GEERS) (if their employer went bankrupt or into liquidation before 5 December 2012) or the Fair Entitlements Guarantee (FEG) (if their employee went bankrupt or entered liquidation on or after 5 December 2012).
Do you need more information?
Are you or your company facing an uncertain financial future? David Clout is a highly regarded expert in insolvency, an experienced negotiator and strategic thinker. As a registered Liquidator and Bankruptcy Trustee, he is qualified to accept a range of insolvency appointments. Call +61 7 3129 3316 to arrange a consultation.